New income tax law likely to be far simpler sans complexities, says Dipesh Jain of Economic Laws Practice
He speaks about the new tax regime, complex provisions that exist in the law and his expectations from the new Income Tax Law ...
Cabinet okays bill to replace Income Tax Act, may be tabled in parliament soon
The new Income Tax Bill is a key element of the regulatory reforms announced by finance minister Nirmala Sitharaman in her ...
New Income Tax law explained: No new taxes, simple read for common man
The new Income Tax Bill aims to replace the outdated 1961 Act, simplifying direct tax laws, reducing ambiguities, and curbing ...
Nirmala Sitharaman likely to introduce New Income Tax Bill in Lok Sabha today
Earlier on Friday, the Union Cabinet led by Prime Minister Narendra Modi had given the approval for the new Income Tax Bill.
Parliament Budget Session 2025 Live updates: New Income Tax Bill Likely To Be Tabled In Lok Sabha
A new income tax bill, which received approval from the Union Cabinet on Friday, is likely to be introduced today.
Investing11h
Revised income tax law to eliminate obsolete and redundant provisions: Experts
The revised income tax law is expected to be clear, concise, consistent and supplemented with illustrative examples to aid ...
Live Law1d
Income Tax Act | Offence Committee Before Show-Cause Notice Compoundable As Covered By 'First Offence' In Compounding Guidelines : Supreme Court
The Supreme Court on January 7 set aside the Gujarat High Court's judgment dated March 21, 2017, through which the rejection to the compounding application of the Appellant for the assessment ...
Tax Guru1d
Taxation of International Transactions In India Under Income Tax Act 1961
Multifarious Key Taxation Laws and Rules: The Indian taxation system is governed mainly under the Income Tax Act, 1961, with relevant sections being: Section 4: General Taxability. Section 90: ...
The income tax gambit to ramp up India’s growth
The Union cabinet approved the income tax bill on 7 February to replace the existing law, and it is expected to be tabled in ...
Tax Guru2d
Union Cabinet Approves New Income Tax Bill 2025 to Replace 1961 Act
In a significant move to modernize India’s tax framework, the Union Cabinet has approved the new Income Tax Bill 2025, set to replace the existing Income Tax Act of 1961. This initiative aims to ...