A company or LLP falls under the coverage of MAT exclusively if the specified condition is satisfied. The specified condition is that the income tax payable, as computed using the regular provisions ...

The new Income Tax Bill aims to replace the outdated 1961 Act, simplifying direct tax laws, reducing ambiguities, and curbing ...

In order to make the Income Tax Act 1961 more concise and simpler, the government is introducing a new income tax bill.

President Trump called for ending the so-called carried interest loophole, which saves financiers billions. It’s a tax break ...

then she had said the goal was to make current income tax laws simpler to read and understand, and reduce the number of pages of the I-T Act of 1961 by a staggering 60 per cent. The 1961 Act ...

The government has introduced a new Section-285BAA under the Income Tax Act of 1961, which makes it mandatory for investors to furnish details of their crypto transactions. They also included ...

"We eagerly await the introduction of the New Income Tax Act which can be a real game changer of a reform. We are confident that it will be bring in more clarity and simplification in tax structure.

The Income Tax Act, 1961's old tax regime provides various tax exemptions and deductions. (AI image) Income Tax Filing FY 2024-25: Employers are currently requesting salaried employees to provide ...