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

Warren Buffett celebrated Berkshire Hathaway's record income tax payment and shared that he is now using a cane in his annual ...

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 ...

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 ...

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

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 ...

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