The Income-tax Bill cuts some clutter of the existing Act and introduces new illustrative tables, while maintaining ...

Democrats worry about impact on state services while Republicans promote the tax exemption as a boost to economic growth.

The two discrete periods seem to be left over from the 2024 federal budget announcement that proposed an increase to the capital gains inclusion rate for gains realized on or after June 25, 2024, of ...

The new Income Tax Bill aims to simplify language by replacing complex terms with easier alternatives. Spanning 622 pages, it ...

Democrats worry about impact on state services while Republicans promote the tax exemption as a boost to Missouri's economic ...

Finance Minister Nirmala Sitharaman on February 13 tabled the new Income Tax Bill in the Lok Sabha. The bill, which is headed ...

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 Income Tax Bill, 2025, introduces changes affecting NRIs and foreign companies, including tax rates on dividends and ...

While the bill suggests various amendments, the fundamental income tax rates and capital gains tax rates remain unaltered at ...

Capital gains tax can significantly impact the profits from selling a ... up to $500,000 for those married and filing jointly are not taxed. To qualify for this exemption, you must have owned and ...