India’s tax laws set for a revamp: What is the new Income Tax Bill? How will it affect you?
Finance Minister Nirmala Sitharaman is set to introduce a new Income Tax Bill aimed at simplifying the six-decade-old tax ...
Income Tax Budget 2025 Highlights: Who is likely to benefit most from FM Nirmala Sitharaman's tax slab change?
Finance Minister Nirmala Sitharaman announced new tax slabs in the new tax regime 2025, so there will be no income tax for ...
Income up to Rs 12 lakh is tax-free, but do you know the tax-exemption limit? Find out
Finance Minister Nirmala Sitharaman had in July last year announced a comprehensive review of the Income-tax Act 1961.
Tax Guru9h
Section 14A disallowance not includible in book profits in terms of Section 115JB
Another issue raised was whether disallowance under Section 14A should be added back to book profits under Section 115JB of the Act. The Tribunal noted that similar adjustments had been overturned in ...
No need to wait for Budget for Income Tax Relief! New Income Tax Bill may have unique features, likely to get cabinet nod today
Apart from tax relief provisions, the bill may introduce several structural and linguistic reforms. Such as replacing the term “Assessment Year” with “Tax Year”, eliminating British era references ...
A Guide to Tax Benefits on Term Insurance
If your annual taxable income is ₹10 lakh and you claim the full ₹1.5 lakh deduction, your taxable income reduces to ₹8.5 ...
rediff.com6d
New Income Tax Bill: What YOU Must KNOW
Implications for capital gains, wealth taxes, and investment strategies require careful consideration, notes Anil Rego, ...
Income Tax Slabs Budget 2025 Highlights: How much income tax will middle class taxpayers save? FM Sitharaman's big tax announcements decoded
Finance Minister Nirmala Sitharaman has brought big cheer for middle class taxpayers - it’s a bonanza like never b ...
Deccan Chronicle5d
New income tax bill will be introduced next week: Nirmala Sitharaman
Reaffirming the commitment of the tax department entailing ‘trust first and scrutinise later’, Union finance minister Nirmala Sitharaman on Saturday said that she would be introducing the new ...
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India Is Rethinking Strict Crypto Regulations—But Tax Burden Persists
India appears to be softening on its strict crypto regulations. But without tax relief, trading crypto in the country is ...
Income Tax on Bitcoin: Will Budget 2025 raise tax on Bitcoin ETFs from 12.5% to a flat 30%?
Cryptocurrencies and NFTs are categorised as Virtual Digital Assets, and Section 2(47A) was added to the Income Tax Act to define this term. At present, cryptocurrencies and NFTs in India remain ...