The new bill has also provided repeals and savings clause to ensure that rights and benefits accrued to the taxpayers under the old law are safeguarded.

President Donald Trump said he would announce reciprocal tariffs on Thursday, promising to deliver on his threat to slap tariffs on imports from countries that impose higher duties on U.S. goods.

The marquee proposal would increase the amount of a home’s value exemption from school taxes to $140,000 from $100,000.

India’s sports technology industry is projected to grow from Rs 26,700 crore in FY24 to Rs 49,500 crore by FY29 at a ...

It aims to simplify the existing Income Tax Act, 1961, by making it more structured and easier to understand. If passed, the new law will come into effect from April 1, 2026.

The copy of the New Income Tax Bill 2025 (“ITB”) has been made available to the Members of Parliament (MPs) on 12 February ...

A financial planner will recommend how to bring down the ‘consumption’ of your income. You could be over-insured (or be ...

It simplies the country’s income tax law to make it easier to grasp, enhance compliance and reduce litigation. While it makes ...