Capital Gains Tax: The government's share of your profit from property, shares, mutual funds and more
Whether you’re selling shares or a family property, knowing how capital gains tax works can help you keep more of your ...
Budget 2025: Why the rebate under Section 87A is groundbreaker for taxpayers. Here's what it means
In accordance with the proposed Finance Bill 2025, the rebate under Section 87A is now applicable up to a total income of Rs ...
The Financial Express7d
Size of Income Tax-Act to reduce by half in new Bill: CBDT chief
The government has tried to remove redundancies in the Income Tax Act-1961, under the Bill to be tabled next week. The language has been made simpler, to the extent feasible, and the presentation ...
moneycontrol.com27d
What NRIs need to know about Indian income tax rules
Further, NRIs have to ascertain their residential status under the Income Tax Act for a particular financial ... property or investing in Section 54EC bonds.To further optimise tax efficiency ...
Mint7d
Income Tax Budget 2025 Highlights: Who is likely to benefit most from FM Nirmala Sitharaman's tax slab change?
The government has introduced a new Section-285BAA under the Income Tax Act of 1961, which makes it mandatory for investors to furnish details of their crypto transactions. They also included ...
Indiatimes2d
New Income Tax Bill cleared by Cabinet: What is the New Income Tax Bill & why is it being introduced? Explained
New Income Tax Bill: The Union Cabinet has approved the New Income Tax Bill, which aims to replace the 1961 Act by simplifying direct tax legislation. This proposed bill, featuring clearer ...
Mint20d
Budget 2025: FM Nirmala Sitharaman may propose new Income Tax Act. Key changes to expect
Budget 2025: Finance Minister Nirmala Sitharaman, in the Union Budget 2024, had proposed to revamp the Income Tax Act, 1961, to make it concise and easier to understand. It is expected that in the ...
The Free Press Journal26d
What is Section 87A Of Income Tax Act? Are You Eligible For It?
One the critical aspects of this has been Section 87A of the Income Tax Act,1961. What exactly is section 87A? This section of the Income Tax Act allows taxpayers to reap the benefits of the ...
Business Today2d
Union Cabinet clears new Income Tax Bill 2025 to replace existing Income Tax Act-1961: Report
is set to replace the current Income Tax Act, 1961, according to government sources cited by news agency PTI. The main objective of the bill is to streamline and modernise India's tax system by ...
The Jamaica Observer26d
House amends income tax act
KINGSTON, Jamaica-The House of Representatives on Tuesday (January 14) passed amendments to the Income Tax Act, codifying the revenue measures that were announced in the 2024/25 Budget.
What is new Income Tax Bill announced by Finance Minister Nirmala Sitharaman and why it will replace the Income Tax Act
The new income tax bill received clearance from the Union Cabinet last week. Soon, the FM will likely table the same in the Parliament. The new income tax bill, once passed by the Parliament, will ...
Hosted on MSN4d
Income Tax: 6-decade old Income Tax Act ends, taxpayers should know what is different in the new bill..
The Income Tax Act, which has been in force in India since 1961, is now on the threshold of change. The government has ...