The Union cabinet approved the income tax bill on 7 February to replace the existing law, and it is expected to be tabled in ...

The revised income tax law is expected to be clear, concise, consistent and supplemented with illustrative examples to aid ...

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 new Income Tax Bill aims to make tax regulations more comprehensible, even for the common taxpayer. The government claims that the bill seeks to simplify th ...

The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the bill on Friday (February 7). After its introduction, ...

Consequently, the Tribunal deemed the appeal infructuous and dismissed it. However, ITAT granted the revenue the liberty to seek a reopening of the matter if it could later demonstrate that the case ...

The Income Tax Bill, approved by the Cabinet on Friday, will not have any rate surprises. The bill is a major exercise in ...

But don’t count on a specific date: The IRS warns taxpayers not to rely on receiving their refund by a certain date, ...

The answer is clear as day that Congress didn't steal from Social Security's trust funds. If you want to know what's really ...

While it's common for people to carry debt, if you aren't keeping up payments on it, you can be subject to wage garnishment, ...

Though the timing is uncertain on when any of these proposals could surface, it could be as early as this spring.