Tax

Income Tax department activates section wise mapping of I-T Act, Tax bill

Income Tax payers can now match the sections of the I-Tax Act, 1961, with the corresponding clauses in the simplified…

1 week ago

New Income Tax Bill omits deduction for inter-corporate dividends under concessional rate

The Income Tax Bill 2025 has omitted the deduction for inter-corporate dividends for companies opting for the 22 per cent…

1 week ago

ICAI backs Income Tax Bill 2025, calls it a boost for economic growth and MSMEs

The CA Institute, the world’s largest accounting body, on Friday expressed strong support for the newly introduced Income Tax Bill,…

1 week ago

New Income Tax Bill: What’s in it for taxpayers?

After the substantial relaxations announced under the new tax regime in the recent Budget, it was a bit unreasonable for…

1 week ago

How will the new income tax bill impact your tax calculations?

In this episode of the State of Economy Podcast, businessline’s Shishir Sinha speaks with Sandeep Jhunjhunwala, M&A Partner, Nangia Anderson LLP…

1 week ago

New IT Bill streamlines tax laws, not a mere amendment: FM Sitharaman

Finance Minister Nirmala Sitharaman on Thursday refuted the allegation that the new Income Tax Bill is just a mechanical change.She…

1 week ago

New Income Tax Bill 2025 eases NRI worries, enhances clarity and compliance

The Income Tax Bill 2025 endeavours to create a more transparent and efficient tax environment for NRIs, addressing long-standing challenges…

1 week ago

Income Tax Bill: from complexity to clarity

The new Income Tax Bill presented in Parliament is an exercise to make it “concise, lucid, easy to read and…

1 week ago

Mix of fiscal and monetary policies, a booster for the economy

Budget 2025-26 announced a slew of measures which include, among others, changes in the income tax slab and raising the…

1 week ago