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.

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

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 ...

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 ...

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 ...