The Income-tax Bill cuts some clutter of the existing Act and introduces new illustrative tables, while maintaining ...
Undeclared income from side hustles forms part of the hidden economy, HMRC said. It says it is committed to reducing the tax ...
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Hosted on MSNGovt’s new income tax bill will require you to share passwords with tax officials during searchesFM Nirmala Sitharaman said draft Bill—tabled in Lok Sabha & sent to Parliamentary Select Committee for review—incorporated ...
Ans: As noted above, the total words in the new Income Tax Bill, 2025 are around 2.6 lakhs, as against 5.12 lakh words in the ...
ITAT Chennai held that although the assessee company was following the mercantile system of accounting, only real income could be brought to tax. Hypothetical income cannot be taxed. Hence, appeal of ...
During the course of numerous amendments to the Income tax Act, 1961, several policy decisions were incorporated as separate ...
Finance Minister Nirmala Sitharaman introduces new Income Tax Bill, simplifying language, eliminating redundant provisions, ...
The new bill, designed to make tax regulations more accessible to the general public, will replace the existing Income Tax ...
Many taxpayers want the permanent extension of ITR filing deadlines to get more time to meet the compliance laws. The ...
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