Income Tax Bill: Why was the new Income Tax Bill introduced in the country? The Income Tax Department itself told..
The new Income Tax Bill-2025 was tabled in the country's Parliament on Thursday. Now the Parliamentary Committee will consider it and after that, it will be passed by the Parliament. After being passed by both Rajya Sabha and Lok Sabha,
The new Income Tax Bill FAQs: I-T department answers key questions
The simplified Income Tax Bill, which is half the size of the 1961 Income Tax Act, seeks to achieve tax certainty by minimising the scope of litigation and fresh interpretation, the Income Tax department said on Thursday.
New Income Tax Bill 2025: What changes, what remains, and how it may impact tax payers
One key update is the introduction of a “tax year,” which refers to the 12-month period starting from April 1, effectively replacing the term “assessment year.”
New Income Tax Bill 2025: FAQs issued on provisions for salaried taxpayers, virtual digital assets & more — details
The new Income Tax Bill 2025 consolidates salary provisions for clarity, incorporating previous deductions into the salary chapter and simplifying TDS/TCS with tables. It aims to eliminate redundancy and enhance readability while maintaining the scope of existing tax provisions.
Income Tax Dept releases FAQs on new Income Tax Bill, 2025: Check details
During the course of numerous amendments to the Income tax Act, 1961, several policy decisions were incorporated as separate provisions. Read below to know more about the Income Tax Bill 2025.
FM Sitharaman tables new Income Tax bill in Lok Sabha, virtual assets like crypto defined under income from other sources
The government on Thursday tabled the New Income Tax Bill, 2025, which aims to simplify tax laws, modernize definitions, and provide more clarity on various tax-related matters. This new bill, tabled in Lok Sabha by Finance Minister Nirmala Sitharaman,
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Income Tax Rules: Income Tax notice will be sent if you deposit or withdraw more money than this limit in your Savings Account..
This question must have come to your mind how much maximum money can be kept in a savings account? Along with this, it is ...
IRS Income Tax Refund Schedule 2025: When Will Your Refund Arrive?
IRS tax refund may arrive sooner than you think. Here’s a schedule for when you can expect your check or direct deposit.
Governor calling for income tax cuts, limited government during State of the State address
Oklahoma Governor Kevin Stitt gave his State of the State address Monday from the Capitol. He expressed his vision moving ...
Proposed tax credit proposal would expand benefits to more than 100K low-income New Mexicans
A state and federal tax credit pairing designed to help low-income New Mexicans could grow by 100,000 people if one legislative proposal wins approval. House Bill 14, a measure that would allow those ...
IRS’ Direct File Makes It Easier For Families To Claim Tax Credits
Most people who are eligible for tax credits claim them. Direct File — the IRS’ online tool for filing tax returns — could get more eligible filers to claim EITCs and CTCs.
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Income Tax: Income Tax Department issued alert regarding PAN card, now these people will have to pay 10 thousand rupees fine..
PAN Card i.e. Permanent Account Number is mandatory for every taxpayer. It is a ten-digit unique alphanumeric identification ...
MCOP provides free tax preparation for seniors. Find out if you qualify.
What services does MCOP provide regarding free tax preparation? MCOP is providing free tax preparation for older adults who ...
Won case against income tax department but still waiting for benefit? No more delay after an update in ITR portal
Now a online process has to be used for submitting order giving effect requests. Earlier even if a taxpayer won a case ...