Clubbing of income is done to ensure taxpayers do not avoid paying their tax liabilities through moving of incomes of assets ...

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

In a reply to this, the Income Tax Department clarified that there are no changes in refund provisions. The I-T department ...

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

Summary: The Finance Bill 2025 proposes significant amendments to the Income Tax Act, particularly regarding tax slabs, deductions, and compliance procedures. Under the new tax regime, the income tax ...

Under the Income Tax Bill 2025, taxpayers must file returns to claim refunds, without changing provisions for belated or ...

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 ...

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

The comprehensive tax reform, signed by Gov. Kim Reynolds into law last spring, lowers the individual income tax from its top ...