Experts have often called the current Income Tax Act of 1961 complex, cumbersome, and leading to a lot of litigations. The ...

Budget 2025 has made income up to ₹12 lakh effectively tax-free under the new tax regime. The Finance Minister increased the ...

The new Income Tax Bill, which will replace the six-decade old Income Tax Act of 1961, will make direct tax laws simple to ...

Ravi Agrawal says simplified tax slabs and zero tax on income up to ₹12 lakh will push more taxpayers to adopt the new regime ...

Budget is not just about numbers, it’s about empowering citizens, strengthening trust, and igniting economic growth.

The industry has called for policies that reduce compliance hurdles, improve access to working capital and rationalise taxes, ...

To address this issue, the government could make the TDS process simpler by introducing a challan cum statement Form similar to resident sellers. 2. Simplified tax return Form for non-residents ...

The government introduced a new tax regime of lower tax rates in Budget 2020, which continues in FY 2025-26. In Budget 2025, the government pushed for the adoption of the new tax regime of lower tax ...

The CBDT chief said the tax processes available to a "common" taxpayer for reporting their income were not "very complex" ...

CBDT chief discusses non-intrusive tax administration, simplified ITRs, and AI usage post-Budget for enhanced compliance and ...

The Budget announcement of zero tax for earnings upto Rs 12 lakh per annum and the rejig of tax slabs across the board should ...