A Tamil proverb suggests that when hunger strikes, virtues like honor, education, and generosity vanish. This seems to apply ...

The Income Tax Bill 2025 is a big step forward in making India’s tax system friendlier but there are areas that need review. Constructive stakeholder consultations will be key to refine its provisions ...

The new income tax bill, compared to Income Tax Act, 1961, is nearly half the size, containing 259,676 words, 23 chapters, 536 sections, 57 tables and 46 formulae.

Understand the major updates in India’s Income Tax Bill 2025, including tax law simplification and a shift to a unified tax ...

Donald Trump has announced reciprocal tariffs, as he said that India has ‘more tariffs than nearly any other country’. This ...

Substantial reduction in the Act’s volume The review has led to a substantial reduction in the Act’s volume, making it more ...

The New Income Tax Bill will not change the existing tax slabs but will replace the present concept of assessment and ...

The government is set to introduce the Income-Tax Bill, 2025, a comprehensive revamp of India’s tax laws, replacing the Income-Tax Act, 1961. The new legislation, scheduled to come into effect from ...

The simplified Income Tax Bill 2025, which brings in the concept of 'tax year' and abolishes the archaic and complicated ...

When the Income Tax Act of 1961 came into being it had 880 pages. Over the years, the act contained several amendments introduced in the various budgets.

Under the new bill, the draft proposes a standard deduction of Rs 75,000 or the salary, whichever is less, where income is ...