The new bill has preserved the tax policies and key provisions of the Income-Tax Act, 1961. Redundant rules have been removed ...

Summary: Income Tax Bill 2025 was introduced in Parliament on February 13, 2025, as announced by Finance Minister Smt.

Losses from one house property can now be offset against income from another property. However, any remaining losses can only ...

Release of Memorandum to include “Cost Accountant” in the Definition of “Accountant” under Section 515 (3) (b) of the ...

By avoiding abrupt policy shifts or tax rate changes, the bill focuses on a predictable fiscal environment for businesses and ...

ICMAI advocates for cost accountants to be included in the definition of accountants under the Income Tax Bill 2025.

A major shift under the Financial Bill 2025 allows non-residents to adjust acquisition costs based on currency fluctuations ...

The Income Tax Bill 2025, a document of 622 pages comprising 536 sections and 23 chapters, is anticipated to be introduced in the Lok Sabha on Thursday, February 13, 2025. Once enacted ...

Eligible Philadelphia homeowners have until Feb. 28 to apply for the city’s Low Income Real Estate Tax Freeze program.

House Bill 1369 was heard by the House Finance Committee on Wednesday and proposed repealing credits for solar, wind, and ...

President Donald Trump has suggested getting rid of a federal income tax. Here's what paychecks nationwide would look like, ...