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: ...

Many taxpayers want the permanent extension of ITR filing deadlines to get more time to meet the compliance laws. The question arises: Will the new Income Tax Bill 2025 change the deadlines for filing ...

The existing tax structure, burdened by numerous amendments, has become increasingly complex, making filing returns a ...

The Union Cabinet on Friday approved the Income Tax Bill, a move aimed at simplifying taxation for the common man.

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

The Government of India levies tax upon the income of salaried and self-employed ... it becomes easier to calculate and file taxes, evade charges, and avail of deductions or exemptions accordingly.

In a major relief for the middle class, Finance Minister Nirmala Sitharaman announced that individuals earning up to Rs 12 ...

Aiming to put more money in the hands of the middle class and simplify the whole filing process, the new Income Tax Bill is set to be tabled in the Parliament next week after receiving approval from ...

Faster tax refunds, tax demand notice deletion, and more can now be expected as I-T dept updates the ITR portal for online ...

Sitharaman announced in her budget speech that the new Income Tax Bill will be introduced in Parliament "next" week. The ...

NEW DELHI, Feb 1 (Reuters) - India cut personal income tax rates for some individuals in a bid to boost consumption across Asia's third-largest economy, which is projected to grow at its slowest ...