The odds are strong that gaming, not tax cuts or education spending, will dominate talks between the House of Delegates and ...

The bill makes significant changes in the way the direct tax statute is written and presented, giving priority to simplicity, ...

Several redundant Chapters and Sections in the 1961 Act are omitted. The Tax Administration should endeavour to maintaining ...

The new bill has also provided repeals and savings clause to ensure that rights and benefits accrued to the taxpayers under ...

Union Finance Minister Nirmala Sitharaman on Thursday introduced the new Income Tax Bill in Lok Sabha.  After presenting the ...

This new bill, tabled in Lok Sabha by Finance Minister Nirmala Sitharaman, seeks to replace the existing Income Tax Act, 1961 and introduce changes that affect different categories of taxpayers, ...

Proponents claim "small businesses" rely on the pass-through deduction, but the benefits greatly favor the very rich.

The objective of the new Bill is to streamline the Income Tax Act, making it more succinct, understandable, and user-friendly ...

It aims to simplify the existing Income Tax Act, 1961, by making it more structured and easier to understand. If passed, the new law will come into effect from April 1, 2026.

Finance Minister Nirmala Sitharaman introduced the Income Tax Bill, 2025, in Lok Sabha on February 13 to make India’s direct ...

President Donald Trump’s decision to withdraw the U.S. from global tax agreements and negotiations has upended international ...