The institute said it has submitted a memorandum to the Select Committee of Lok Sabha set up to examine the Income Tax Bill ...

Release of Memorandum to include “Cost Accountant” in the Definition of “Accountant” under Section 515 (3) (b) of the Income-Tax Bill, 2025 Institute of Cost Accountants of India (ICMAI) has welcomed ...

Summary: Income Tax Bill 2025 was introduced in Parliament on February 13, 2025, as announced by Finance Minister Smt. Nirmala Sitharaman during her budget speech on February 1, 2025. This proposed ...

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

Textile and other goods exporters have started misusing the facility after the government imposed a 29% income tax on exporters in the last budget. However, information technology-related exported ...

Due to the end of the so-called traffic light coalition and the upcoming new elections in Germany, numerous draft tax bills will not be adopted ...

The Institute of Chartered Accountants of India (ICAI) has been tasked by the Finance Ministry to scrutinise the new Income ...

ICSI and ICMAI have urged the Indian government to include company secretaries and cost accountants under the definition of 'accountant' in the Income Tax Bill. The bodies argue that this recognition ...

We have completely shaken up the Income Tax Act. And the 1961 IT Act will now be replaced with a new Act which is in the form ...

As the New Bill moves through the legislative process, the taxpayers and professionals alike are keenly watching the ...

Income tax department has launched the new utility to enable taxpayers find the relevant provision in New Income Tax bill by ...