Under the Tax Cuts and Jobs Act, itemizing homeowners homeowners can deduct mortgage interest on up to $750,000 worth of ...

In July 2024, the government announced a review of the Income-tax Act, 1961, aiming to simplify it for taxpayers. A KPMG ...

Finance Minister Nirmala Sitharaman is set to table the New Income Tax Bill, which aims to replace the 1961 Income Tax Act.

The new income tax bill received clearance from Union Cabinet last week. Soon, the FM will likely table the same in the ...

This proposed legislation seeks to replace the existing Income Tax Act of 1961, which has been in place for over 60 years.

Finance Minister Nirmala Sitharaman announced during Budget 2025-26 that the New Income Tax Bill would be presented in the ...

The main goal of the new bill is to streamline the existing Income Tax laws, making them more transparent and concise to ...

The new bill aims to make direct tax laws simpler, reduce litigation, and remove ambiguities in the current system. Experts ...

The new direct tax code or the new income tax bill announced by Finance Minister Nirmala Sitharaman in the Union Budget, is ...

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

A major focus of the new tax bill is likely to be on lowering the number of such disputes by clearly defining provisions and ...

Finance Minister Nirmala Sitharaman in her Budget 2025-26 speech said that the new tax bill will be submitted during the ...