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Income Tax : The Government of India has withdrawn the Income-tax Bill, 2025, citing drafting errors and a need for corrections.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...
Income-Tax Bill 2025: The Select Committee debated expanding the “accountant” definition. The Ministry of Finance upholds the Chartered Accountant restriction, citing statutory audit roles.
India’s New Income-Tax Bill 2025: Introduced to simplify the nation’s direct tax laws, this bill aims to reduce complexity, enhance readability, and lower compliance costs for taxpayers.
Proposed Income Tax Bill 2025 aims to simplify tax rules by restoring 80M deduction, allowing NIL TDS certificates, and eliminating late-filing refund bar.
ok Sabha Select Committee, which has proposed 285 amendments to the draft Income-Tax Bill, 2025, largely focused on simplification and clarity. The report, unanimously adopted by the committee, is expected to be tabled in the Lok Sabha on July 21, 2025.
New Income Tax Bill simplifies non-profit organization registration under a consolidated Chapter XVII-B, defining eligibility and procedures.
India’s Income Tax Bill 2025 classifies Virtual Digital Assets (VDAs) and cryptocurrencies for taxation at 30%. It simplifies tax laws and aims for financial transparency.
Understand advance tax liability and payment due dates in India. Learn who needs to pay, installment percentages, special provisions for certain incomes, and consequences of non-payment as per the Income Tax Act, 1961 and Income Tax Bill 2025.
Explores the convergence and divergence of direct and indirect tax laws in India, focusing on related party transactions and future trends.
Article seeks to explore the contents of New Direct Tax Code, which will be finalised in the coming weeks. Additionally, it aims to conduct a comprehensive analysis, exploring the need and importance of this Code and evaluating the practical implications for stakeholders.
A structured comparison of the Income-tax Bill 2025 and Finance Act 2025, covering key provisions, objectives, and changes in tax rates, deductions, and compliance.
