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Income Tax Bill Highlights: New bill expected to be tabled in Parliament by FM this week
Budget 2025 has made income up to ₹12 lakh effectively tax-free under the new tax regime. The Finance Minister increased the ...
Many don't know they can claim valuable tax credit worth up to $7,830 for some families
The federal earned income tax credit celebrates 50th anniversary. Yet, IRS estimates one in five eligible taxpayers miss out ...
What is new income tax bill?
The new income tax bill received clearance from Union Cabinet last week. Soon, the FM will likely table the same in the ...
The Financial Express11h
New Income Tax Bill likely to be introduced this week – All your FAQs answered
The new Income Tax Bill will exclude outdated provisions, reduce the total number of sections, and introduce clearer language ...
newsbytesapp.com9h
New Income Tax Bill to replace 1961 Act: What's changing
The Union Cabinet, led by Prime Minister Narendra Modi, has approved a new Income Tax Bill. It will be introduced in the Lok ...
New & simplified Income Tax Bill replaces 1961 Income Tax Act; what's changed
The Union Budget 2025 introduces a new Income Tax Bill to replace the 1961 Income Tax Act, simplifying tax laws. The new bill ...
Cabinet okays bill to replace Income Tax Act, may be tabled in parliament soon
The new Income Tax Bill is a key element of the regulatory reforms announced by finance minister Nirmala Sitharaman in her ...
The Financial Express11h
How the New Income Tax Bill could impact taxpayers
The new income tax bill is likely to bring a transformative shift in India’s taxation system by focusing on simplification ...
Tax Guru9h
Income Tax Act: Section 285 Notification for Liaison Office Statement Filing
G.S.R. 125 (E).— In exercise of the powers conferred by section 285 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules ...
Difficult to understand tax provisions? New Income Tax Bill to raise transparency in tax laws, say experts
The new Income Tax Bill is contemplated to raise the level of transparency in tax laws by adopting clear and unambiguous ...