The Income Tax Act 2025 will replace the current Income Tax Act 1961. As the current income tax laws will change, many ...

Currently, the Income Tax Act refers to the year of earning taxable income as the ‘previous year’ and the year when the tax ...

New Income Tax Bill retains provisions from 1961 Act, offers flexibility, transparency, and aims to simplify tax laws.

The new Income-Tax Bill 2025, introduced by India’s Finance Minister, seeks to replace the 1961 Act, providing clearer tax ...

The Income Tax Bill, 2025, will be tabled in Parliament on Thursday. Learn about its key highlights, including simplification ...

As South Africa braces for tax season, SMMEs are urged to review their financial practices to avoid legal consequences.

The new Income Tax Act 2025 is more exhaustive than its predecessor, with 536 sections and 16 schedules spread over more than ...

In tax legislation, sections are individual provisions that outline specific rules, obligations or rights, and serve as the ...

The proposed I-T Bill would introduce the concept of ‘tax year’ to replace the financial year and is likely to be 622 pages ...

The new income tax Bill, which is likely to be introduced in Parliament on Thursday, has focussed on simplification of the ...

Under the new bill, the draft proposes a standard deduction of Rs 75,000 or the salary, whichever is less, where income is ...