The Union cabinet approved the income tax bill on 7 February to replace the existing law, and it is expected to be tabled in ...

The revised income tax law is expected to be clear, concise, consistent and supplemented with illustrative examples to aid ...

These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...

The core issue before the High Court was whether the penalty order was time-barred under Section 275 (1) (c) of the Act, which stipulates a limitation period for penalty orders. Property Plus Realtors ...

The union cabinet has approved the new income tax bill 2025 to replace the income tax act of 1961, aiming to simplify and ...

Multifarious Key Taxation Laws and Rules: The Indian taxation system is governed mainly under the Income Tax Act, 1961, with relevant sections being: Section 4: General Taxability. Section 90: ...

The new income-tax bill will replace the existing six-decade old Income-tax Act. The bill aims to simplify the language and ...

The new bill received approval from the Union Cabinet, chaired by PM Modi, on Friday. After introduction in the Upper House, ...

The new income tax law, which will replace the six-decade-old Income Tax Act, is expected to be introduced in the Lok Sabha next week, according to Finance Minister Nirmala Sitharaman's statement on ...

Finance Minister Nirmala Sitharaman to introduce new income tax bill, replacing old I-T Act, after Cabinet approval.

The bill will again go to the Cabinet after the parliamentary committee gives its recommendations on it. After Cabinet ...