New Income Tax Bill 2025 explained: Top 30 FAQs every taxpayer should check
The new bill aims to simplify tax provisions with clearer language, reducing its length and eliminating redundant sections ...
Tax Guru17h
Section 50C Inapplicable to Tenancy Transfers: ITAT Mumbai
Mumbai dismissed the Revenue’s appeal in ITO Vs Abdul Aziz Abdul Kadar, ruling that Section 50C of the Income Tax Act, 1961, does not apply to tenancy right transfers. The appeal, filed by the Revenue ...
India’s Income Tax Bill sets the stage for significant reforms
It simplies the country’s income tax law to make it easier to grasp, enhance compliance and reduce litigation. While it makes ...
VIEW |New Income Tax Bill: A deep dive into the reforms
The much-awaited Income-tax Bill, 2025 (Bill) which is proposed to be effective from April 1, 2026, has been laid before the ...
Fortune India23h
New Income Tax Bill: What does replacing ‘assessment year’ with ‘tax year’ mean for taxpayers? FinMin FAQ explains
The concept of ‘tax year’ has been introduced replacing ‘previous year’ and ‘assessment year’ in the new Income Tax Bill ...
FinMin asks ICAI to review new Income Tax Bill 2025, suggest improvements
Central Board of Direct Taxes expects the Institute of Chartered Accountants of India to go through the bill ...