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Income Tax : The Government of India has withdrawn the Income-tax Bill, 2025, citing drafting errors and a need for corrections.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...
Learn how to smartly allocate your tax savings in 2025—repay loans, invest in mutual funds, boost spending, or explore business opportunities.
The Institute of Cost Accountants of India seeks inclusion of Cost Accountants in the definition of “Accountant” under Section 515(3)(b) of Income-Tax Bill 2025.
Income tax bill, 2025 aims to replace Income Tax Act, 1961, simplifying tax laws. Questions arise about its impact on revenue, litigation and tax administration.
Income Tax Bill 2025 introduces changes to TDS, TCS, and LRS provisions, raising threshold limits and reducing compliance burdens. Effective from April 1, 2025.
ICSI requests the inclusion of Company Secretaries in the definition of “Accountant” under the Income Tax Bill 2025 for broader tax compliance and governance roles.
The new Income Tax Bill consolidates provisions for non-profits, covering registration, taxation, compliance, and capital gains rules. Key changes take effect from 2026.
The Income-Tax Bill 2025 simplifies house property income taxation, reducing complexity while maintaining key provisions for better taxpayer understanding and compliance.
Explore why Cost Accountants (CMAs) should be included in the definition of “Accountant” under the Income Tax Bill 2025 for a competitive, efficient tax system.
Analysis of Clause 74 and Clause 85 in the New Income Tax Bill 2025. Impact on exemptions for depreciable assets and key judicial precedents explained.
The Income-tax Bill, 2025 has been tabled in Parliament on 13th February 2025, marking a significant step toward simplifying the language and structure of the Income tax Act, 1961.This reform includes specific provisions affecting non-profit organizations (NPOs).
