New Income Tax Bill leaves the definition of NRIs & residents unchanged
The upcoming Income Tax Bill has left tax residency criteria unchanged, providing relief to Non-Resident Indians. NRIs ...
Phantom Income/Retained Earnings and the Potential for Inflated Support
If phantom income is not properly analyzed by counsel and the court in a matrimonial case, the result perforce may be ...
New Income Tax Bill aims to clear confusion between Assessment Year and Financial Year. Here’s how
The new Income Tax Bill, 2025 will replace the complex Income Tax Act of 1961, simplifying tax administration with clearer ...
Income Tax Bill 2025: Will your salary, income earned from April 2025 be taxed as per the Income Tax Act 1961 or new bill?
The new bill seeks to streamline terminology in tax calculations by introducing the term 'tax year' to replace 'financial ...
New Income-Tax Bill to replace 'assessment year' with 'tax year’ , make compliance easier
The Income-Tax Act, of 1961, uses "assessment year" and "previous year" for filing returns. In the new bill, 2025, the tax ...
A lowdown on simpler, shorter, crisper Income Tax Bill, 2025
MUMBAI: The New Income Tax Bill 2025, which will replace the 1961 Act, is an attempt at simplifying the tax rules. While the ...
India Today on MSN4d
New Income Tax bill: What is tax year and how is it different from assessment year?
The new bill aims to simplify the existing Income Tax Act and one of the key changes introduced in the New Income Tax Bill, 2025, pertains to the concept of the 'tax year.' ...
Illinois latest state to move to exempt athletes' NIL money from taxes; do other students have a claim?
"The reality is, we're going to collect more tax revenue when Illinois football is successful," says one state representative ...
Baijayant Panda to chair Select Committee on Income-Tax Bill
Lok Sabha Speaker Om Birla constituted a 31-member Select Committee of Lok Sabha MPs to examine the new Income Tax Bill, ...
JD Supra7d
Solo 401(k) Plans: A Quick Fix-It Guide
Solo 401(k)” is a marketing term used for a 401(k) plan that is adopted by a sole proprietor or an incorporated business with no employees other ...
Are federal workers lazy? Let’s look at the data.
As Elon Musk’s U.S. DOGE Service targets federal workers, we investigate how hard those folks have been working for their ...
Anywhere Real Estate: Debt Challenges Overshadow Positive Q4 Performance
Anywhere Real Estate's high debt and profitability challenges outweigh its revenue growth. Click here to find out why HOUS ...