The new bill aims to make direct tax laws simpler, reduce litigation, and remove ambiguities in the current system. Experts ...

The New Income Tax Bill 2025 aims to simplify tax laws, improve compliance, and reduce disputes. Key features include ...

To benefit from this revision, individuals must simply file their ITR; no additional formalities are required.

The Finance Ministry has clarified that this zero tax liability applies only to the new tax regime, which has been the ...

ITAT Delhi remanded the issue back to file of AO to re-compute disallowance under rule 8D (2) (ii) of the Income Tax Act by taking those investment which give rise to exempt income @1% of average ...

The Government of India levies tax upon the income of salaried and self-employed citizens of all age groups. Once you figure out which tax slab you fall under as per your tax regime, it becomes easier ...

IRS Free File program at IRS.gov offers free tax software to those with adjusted gross incomes of $84,000 or less. Other free ...

Among the most significant announcements was the introduction of a New Income Tax Bill, set to be tabled this week ...

India's Union Budget 2025-26 introduces several revisions to taxation policies, besides provisions for focus industries and ...

Summary: The Finance Bill 2025 presents significant updates in both direct and indirect taxes aimed at improving business ease, reducing litigation, and widening the tax base. Direct tax proposals ...

India is assessing whether a global corporate tax deal agreed between 140 nations can work following U.S. President Donald ...

New Delhi: The new tax structure announced in the Union Budget 2025-26 is expected to benefit around 5.65 crore taxpayers who ...