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Donald Trump's nominee for Treasury Secretary, Scott Bessent, says he will "get back to" Senator Ben Ray Luján when asked at his Senate confirmation hearing if he would suggest cuts to Medicaid. Vile.

Listen to Story Bombay High Court quashes income tax order against ND's Art World Order lacked CBDT authorisation ... the competent authority under Section 119(2)(b) of the Income Tax Act, 1961. The ...

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.

KINGSTON, Jamaica-The House of Representatives on Tuesday (January 14) passed amendments to the Income Tax Act, codifying the revenue measures that were announced in the 2024/25 Budget.

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 ...

The intention is to simplify compliance for taxpayers by reducing the complexity of the current Income Tax Act of 1961. It was announced that the new act will be around 50% in size of the present Act.

In the Budget 2024, presented in July 2024, Finance Minister Nirmala Sitharaman announced a review of the Income Tax Act, 1961. EY says, "It should follow a consultative approach and invite public ...