The Union Cabinet is expected to approve the new Income Tax Bill, potentially leading to its introduction in the Lok Sabha ...

The bill will not introduce new taxes. Instead, it will focus on simplifying tax laws, reducing legal complexities, and ...

The Union Budget 2025 has set the stage for sustained economic momentum, with significant allocations for infrastructure, tax ...

The new income tax law will replace the existing Income Tax Act of 1961. The tax Bill is being brought to make the tax ...

We all know that the budget represents the estimated income and expenditure for the coming year, 2025–26. These figures are expected income and expenditure. There is scope for Revised Estimates, which ...

On Thursday, the budget was finally adopted after a two-month delay. Here are some of the measures in the legislation.

In this budget, Finance Minister Nirmala Sitharaman revealed that individuals earning up to Rs 12 lakh annually will be ...

The House of Delegates and Senate passed similar budget bills Thursday, setting the stage for negotiations with Gov. Glenn ...

WASHINGTON — President Trump asked congressional Republican leaders Thursday to end tax perks for sports team owners and ...

The Finance Ministry has clarified that this zero tax liability applies only to the new tax regime, which has been the ...

To benefit from this revision, individuals must simply file their ITR; no additional formalities are required.

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 ...