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Income Tax : The Government of India has withdrawn the Income-tax Bill, 2025, citing drafting errors and a need for corrections.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...
ICSI requests inclusion of Company Secretaries in the definition of “Accountant” under Section 515(3)(b) of the Income-Tax Bill, 2025, citing their expertise in taxation.
Explore the implications of the New Income Tax Bill 2025, including changes to deductions and losses under Section 58(4), aimed at simplifying tax computation while raising concerns over consistency with existing provisions.
ICMAI addresses the non-inclusion of ‘Cost Accountant’ in the Income Tax Bill 2025. The Council is engaging with policymakers to ensure fair representation.
This Valentine’s, Fall in Love with Simpler Tax Laws! The proposed Income Tax Bill 2025 aims to overhaul the existing Income Tax Act of 1961 by simplifying complex tax laws and making them easier for taxpayers to understand. Set to take effect on April 1, 2026, the new bill reduces the number of sections and […]
Understand new Tax Bill 2025’s Sections 3 & 4. Learn about tax year definition and simplified income tax charge structure starting 1st April 2026.
Lok Sabha issues corrigenda for the Income-tax Bill, 2025, correcting references, formatting, and legal citations. Read the key amendments and changes.
Budget 2025 highlights income tax changes, revised tax slabs, TDS amendments, IFSC incentives, updated return filing limits, and deductions under NPS & savings schemes.
The Income Tax Bill 2025, set to replace the 1961 Act, redefines the role of Chartered Accountants in tax compliance and representation, effective from April 1, 2026.
Explore the key takeaways of the New Income Tax Bill 2025, including structural changes, simplified provisions, and updates in tax year terminology and TDS/TCS rules.
New Income Tax Bill 2025, replacing the 1961 act, focuses on simplification and clarity. Learn about the key changes and retained provisions
