The new Income Tax Bill, 2025 will replace the complex Income Tax Act of 1961, simplifying tax administration with clearer ...

The Income Tax Bill, 2025 defines 'online game' as any game offered on the internet and accessible through a computer or ...

The new Income Tax Bill 2025 also proposes to replace the term 'previous year' with 'tax year,' and do away with the concept ...

Under the new bill, the draft proposes a standard deduction of Rs 75,000 or the salary, whichever is less, where income is ...

One of the key updates is the replacement of the term "assessment year" with "tax year”, aiming to simplify taxpayer ...

The new Income Tax Bill, which is scheduled to be tabled on February 13, will classify virtual digital assets, commonly known ...

The new income tax bill will carry forward the same spirit of Nyaya (Hindi word for justice) which was carried in Bharatiya ...

The Income-Tax Bill, 2025, which is likely to be introduced in the Parliament on Thursday (13/02), rolls out key changes such ...

3. CIT (A) deleted the addition holding that the discount paid by the assessee to CFSA cannot be held to be interest and therefore, provisions of Section 40 (a) (i) of the Act would not apply.

New York State continues to lose small businesses, the institutions that every community relies on for its tax base, jobs, ...

The New Income Tax Bill, 2025 set to take effect from April 1, 2026, represents a comprehensive overhaul of the existing tax framework. It consists of 536 clauses, 16 schedules, and 23 chapters, ...

Capital gains tax liabilities must also be considered. If you were to sell the stock and gift the proceeds, you would need to report any capital gains and pay the tax after accounting for its cost ...