The Union Budget 2025 introduces a new Income Tax Bill to replace the 1961 Income Tax Act, simplifying tax laws. The new bill ...

Kolhapur: The search carried out by the income-tax department at the residences and milk dairy associated with NCP (SP) ...

Finance Minister Nirmala Sitharaman is set to introduce a new Income Tax Bill aimed at simplifying the six-decade-old tax ...

Proceedings for adjustment of refund to outstanding demand u/s 245 (1) of the Income tax Act, 1961 are pending. Proceedings ...

The Income Tax Department has revoked The Reporter's Collective's non-profit status. As per the IT department, TRC's ...

Income Tax raid: The Income Tax Department today (February 6) conducted raids at the premises of Congress MLA and former ...

The Income Tax Department on Thursday conducted raids at the residence of Congress MLA and former Punjab Minister Rana Gurjeet Singh here, according to sources. Raids were also conducted at his other ...

In order to make the Income Tax Act 1961 more concise and simpler the government is introducing a new income tax bill.

Unlike donations to charitable trusts, there is no form or reporting mechanism under the Income Tax Act, 1961 for donations ...

Budget 2025 prioritised three key areas: reviving consumption amid a notable slowdown, keeping inflation in check through a ...

An internal committee of India's Income Tax Department, guided by suggestions for simplification and structural improvement, is paving the way for a new tax law. The proposed changes, inspired by ...

The IT department conducted raids on premises linked to the IIFL Group for suspected tax evasion. Major entities involved ...