The New Income-Tax Bill, 2025 is being introduced in parliament on Thursday February 13th, 2025 to replace more than six decades old income tax act, 1961. Taxation History in India has developed over ...

The new bill will replace the current Income Tax Act, 1961, and will become effective from April 1, 2026, i.e., from FY 2026-27. Read our story to know the major highlights of this bill.

Finance Minister Nirmala Sitharaman on Thursday tabled the Income Tax Bill, 2025, in Parliament, aiming to simplify and ...

Section 80D is now Clause 126 under the new bill, Section 80E is Clause 129, Section 87A is Clause 157; know all major ...

The new legislation simplifies language, aligns 'tax year' with the financial year, and maintains structural elements and ...

Anonymous: Sir, I'm unemployed & for trading my parents gave me Rs 5.8 lakh and I've made a loss of Rs 2.52 lakh, since money ...

Khadija Khartit is a strategy, investment, and funding expert, and an educator of fintech and strategic finance in top universities. She has been an investor, entrepreneur, and advisor for more ...

Whether you’re selling shares or a family property, knowing how capital gains tax works can help you keep more of your profits where they belong — in your pocket.

Income taxes were first introduced to pay for debts incurred from the Civil War. New taxes, like Social Security, were introduced with Roosevelt's New Deal. The Tax Cuts and Jobs Act of 2017 aimed ...

The Laken Riley Act, as the law is known, directs the authorities to detain and deport immigrants who are accused — not yet convicted — of specific crimes, if they are in the country illegally.