New Delhi, Feb 15 (PTI) Income Tax payers can now match the sections of the I-Tax Act, 1961, with the corresponding clauses in the simplified I-T Bill, 2025, on the tax department portal.

Income Tax payers can now match the sections of the I-Tax Act, 1961, with the corresponding clauses in the simplified I-T Bill, 2025, on the tax department portal. Also, Section to Section mapping ...

New Income Tax Bill 2025: According to the FAQ issued by the I-T department, the number of chapters in the new I-T bill has been halved to 23 from 47 in the previous Act. The new Income Tax Bill ...

Budget 2025 income tax expectations: While it is well known that new income tax regime is simplified tax regime without tax exemptions and deductions but still to make the rest of the 28% filing ...

The income tax department has adopted a more participative approach and is no longer an adversarial department, said CBDT chairman Ravi Agrawal at a FICCI event on Monday. Highlighting the ...

In a surprise operation, officials from the Karnataka and Goa Income Tax Commissionerate raided ... Local police have provided security to them. The IT Department is yet to issue a press release.

The Income Tax (I-T) Department conducted raid and search operations at the offices of wealth and assessment management services group 360 ONE WAM (formerly IIFL Wealth) early Tuesday morning ...

The IRS layoffs, one of the largest purges this year across the government, could also hurt customer service and tax return ...

This year again, expectations are high for more taxpayer-friendly reforms, including potential tweaks in income tax ... by making the new tax system more attractive, the tax department is ...

Governments around the world rely heavily on income taxes as a primary source of revenue. Income tax in India is progressive, with higher earners paying more. However, some countries levy little ...

President Donald Trump on Monday proposed abolishing income tax for American citizens, aiming to increase disposable income for families and individuals. In a bold move to reshape the U.S. tax ...

The Income Tax Department has now initiated strict measures to address such fraudulent refund claims. The Income Tax Department has begun closely scrutinizing taxpayers filing large refund claims ...