Income Tax : The issue examines how presumptive taxation is consolidated under Section 58. The key takeaway is that structural simplicity masks...
Income Tax : Explains how the new tax code replaces the 1961 Act with simpler rules and fewer exemptions. The key takeaway is a clearer, taxpay...
Income Tax : The new legislation restructures and simplifies income-tax provisions without altering tax rates. It aims to improve ease of compl...
Income Tax : The new Income Tax Act, 2025 reshapes compliance from 1 April 2026 without changing tax rates. Businesses must realign systems, pr...
Income Tax : This addresses why India is replacing its six-decade-old income tax law. The key takeaway is that the new Act simplifies structure...
Income Tax : The message outlines readiness for the Income-tax Act, 2025 through training and system upgrades. The key takeaway is a focused tr...
CA, CS, CMA : ICAI confirms that the new Income-tax Act, 2025 will be examined in Intermediate and Final CA exams starting May 2027, guiding stu...
This explains how the proposed law simplifies tax concepts, retains core income heads, and aims to reduce disputes through clarity and certainty.
This analysis explains how the proposed law moves from complexity to clarity, holding that simplification and plain drafting are key to reducing disputes and improving compliance.*
ICAI confirms that the new Income-tax Act, 2025 will be examined in Intermediate and Final CA exams starting May 2027, guiding student preparation.
Covers the Act’s simplification, digital integration, and restructured chapters, highlighting how compliance becomes clearer and more taxpayer-friendly.
The 2025 Act introduces compulsory tax audit for businesses declaring profits below 6% or 8% of turnover. The shift eliminates the earlier opt-out condition, expanding audit applicability from 2026-27.
The Income Tax Act, 2025 streamlines 800+ sections into 536, codifies decades of judicial rulings, and simplifies compliance for taxpayers and businesses.
