It simplies the country’s income tax law to make it easier to grasp, enhance compliance and reduce litigation. While it makes ...

Under the new Income Tax Bill, 2025, Clauses 196, 197, 198 will deal with capital gains, and cryptocurrency has now formally ...

Two financial analysts attribute Maryland’s stagnant economic growth to the state’s high taxes, which they say could worsen ...

The new bill will replace the current Income Tax Act, 1961, and will become effective from April 1, 2026, i.e., from FY ...

As compared to the Income Tax Act, 1961, the new Income Tax Bill 2025 proposes to remove proviso and explanations, and ...

The GST Council had set up the Chaudhary panel in September 2021 to streamline tax rates, resolve classification disputes, ...

It aims to simplify the existing Income Tax Act, 1961, by making it more structured and easier to understand. If passed, the ...

Tax brackets dictate how much you’ll pay on each part of your taxable income for the year. They’re not set in stone: Each ...

The copy of the New Income Tax Bill 2025 (“ITB”) has been made available to the Members of Parliament (MPs) on 12 February ...

The Income-tax Bill cuts some clutter of the existing Act and introduces new illustrative tables, while maintaining ...

With its focus on clarity and simplicity, the new Bill will lead to a more accessible and responsible tax system ...