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 ...

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

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.

The language used in the Bill at many places is extremely lucid and is reader friendly as it has tables and formulas as agai ...

The concept of Previous Year and Assessment Year, thus, were creating confusion in the minds of taxpayers as they represented ...

Income Tax Bill 2025: The government has also released a set of FAQs addressing key concerns, ensuring transparency and ease of compliance for taxpayers.(Mint) On February 13, Finance Minister ...

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

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

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 ...

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