Income Tax : Form 39 must be filed to claim relief under Section 157(1) when income like arrears or gratuity is received in lump sum. It helps ...
Income Tax : Clause 247 allows tax officers to access emails and cloud data without a warrant. The article argues this violates privacy and pro...
Income Tax : Explains how salary is defined under tax law, including employer–employee requirements, included payments, and taxable perquisit...
Income Tax : The 2025 Act cuts chapters, sections, and word count by half while reorganising the entire law into clearer tables and formulas. I...
Income Tax : India’s upcoming tax law changes could redefine resident status for high-income diaspora. Learn how this reform increases global...
Income Tax : The Government of India has withdrawn the Income-tax Bill, 2025, citing drafting errors and a need for corrections. A new bill wil...
CA, CS, CMA : The ICSI is advocating for the inclusion of Company Secretaries in the 'Accountant' definition of the Income-Tax Bill, 2025, for g...
Income Tax : Income-Tax Bill 2025: The Select Committee debated expanding the "accountant" definition. The Ministry of Finance upholds the Char...
Income Tax : India's New Income-Tax Bill 2025: Introduced to simplify the nation's direct tax laws, this bill aims to reduce complexity, enhanc...
Income Tax : ok Sabha Select Committee, which has proposed 285 amendments to the draft Income-Tax Bill, 2025, largely focused on simplification...
Income Tax : Details of the Lok Sabha Select Committee's sittings on March 6-7, 2025, to examine the Income-Tax Bill, 2025, with oral evidence ...
Income Tax : The Indian government is set to introduce the new Income Tax Bill, 2025, in the Lok Sabha on February 13, 2025. This comprehensive...
Understand the new Income Tax Bill 2025 and its key changes, including the new tax regime, tax-exempt pensions, and relaxed deadlines for updated returns.
The Income-Tax Bill, 2025, introduces a new provision that empowers the government to retroactively define treaty terms, raising concerns about legal uncertainty.
An overview of the new Income Tax Bill 2025, detailing the new and old tax regimes, their respective tax slabs, and rebate provisions for various income groups and citizen categories.
Income-Tax (No. 2) Bill, 2025, proposes to amend and consolidate income tax law, covering a range of topics from basic definitions to complex tax avoidance rules.
India’s new Income Tax Bill, 2025, simplifies the tax system by creating a single ‘Tax Year,’ reducing litigation, and offering new benefits like refunds for late filings and tax relief for vacant properties.
The Government of India has withdrawn the Income-tax Bill, 2025, citing drafting errors and a need for corrections. A new bill will be introduced to replace the Income-tax Act, 1961.
The ICSI is advocating for the inclusion of Company Secretaries in the ‘Accountant’ definition of the Income-Tax Bill, 2025, for governance and tax compliance.
Analysis of the New Income Tax Act 2025 highlights omissions: problematic TDS on partner income, retention of harsh assessment clauses, and lack of clarity on grievance and appeal timelines.
New IT Bill 2025 raises effective tax on LLP long-term capital gains from 12.5% to 18.5%, expanding AMT scope regardless of deductions.
Income Tax Bill 2025 proposes changes to Section 271B penalty, aiming for proportionality and reduced litigation in tax audit defaults under Section 44AB.
