The Income-Tax Bill, 2025, set to replace the six-decade-old Income Tax Act, 1961, brings significant refinements to India’s tax framework. However, unlike the Direct Taxes Code (DTC) proposals of ...

The Direct Tax Code (DTC) is a proposed reform to the Income Tax Act, 1961 (representational) A set of new tax laws called the Direct Tax Code is likely to simplify compliance for taxpayers soon.

The Income-Tax Bill 2025 was introduced in Lok Sabha on 13 February to replace the existing Act. This bill does not propose radical changes like the Draft Direct Taxes Code Bill of 2009, nor does it ...

Next Saturday, February 1, 2025, the Union Budget for year 2025-26 will be presented to Parliament by the Finance Minister. A topic of regular discussion around Budget presentation and submission ...

Income Tax Slab, Budget 2025 LIVE Updates: Finance Minister Nirmala Sitharaman on Saturday said that she would introduce New Income tax bill next week. She added that she would update on indirect ...

The run-up to the Union Budget 2025 was all about the expectations of the middle-class. About how this class of citizens, who are known to form the foundation of Prime Minister Narendra Modi's voter ...

The new income tax bill, 2025, has transferred section 80C tax saving deductions to clause 123, in Chapter VIII in it with an intention of bringing ease and decluttering the tax structure. This has ...