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 will simplify the tax system and reduce the problems of taxpayers: Income Tax Department
The Income Tax Department said on Thursday that the new Income Tax Bill aims to simplify tax rules and reduce legal complications. This bill is half smaller than the current 1961 Income Tax Act and has been prepared in much easier language so that people do not have difficulty understanding the tax rules.
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: 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,
Won case against income tax department but still waiting for benefit? No more delay after an update in ITR portal
Faster tax refunds, tax demand notice deletion, and more can now be expected as I-T dept updates the ITR portal for online ...
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.
What is the status of filing tax returns in Colorado?
The season for filing taxes started over two weeks ago, but Colorado has yet to start accepting state tax returns.
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 ...
See new changes to Ohio tax forms. Here's what to know when filing this year
As the current tax season continues and early filers look for their refunds, Ohio's Department of Taxation outlined new ...
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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 ...
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 ...