Different indirect taxes were subsumed in the Goods and Services Tax, which took effect on July 1, 2017. The new Income Tax ...

Tax experts said based on an initial review, the new Income Tax Bill does not seem to introduce any significant changes to ...

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

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

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

Finance Minister Sitharaman introduces Income Tax Bill, 2025, in Lok Sabha amid opposition parties opposing its introduction. Sitharaman also urged the speaker to refer Income Tax Bill, 2025, to ...

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 has failed to live up to the hype that it created, feels a section of tax analysts and chartered accountants. They feel what was ...

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

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

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

This means the tax computation takes place under the new tax regime, and if someone wants to file returns under the old tax regime, they have to opt out of the default, aka new regime, first.