ICAI backs Income Tax Bill 2025, calls it a boost for economic growth and MSMEs
ICAI supports new Income Tax Bill 2025 to simplify tax framework, stimulate growth, and assist members with understanding.
Mint Explainer | New income tax bill: Why was there a need for a new legislation?
The new income tax Bill aims to simplify India's tax law, eliminating redundancies and improving readability without altering ...
Can you stop filing ITR if your income is below Rs 12 lakh?
The Budget 2025 has raised the threshold of rebate available under Section 87A from Rs 25,000 to Rs 60,000. The basic income ...
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Income Tax department activates section wise mapping of I-T Act, Tax bill
Income Tax payers can now match the sections of the I-Tax Act, 1961, with the corresponding clauses in the simplified I-T Bill, 2025, on the tax department portal. Also, Section to Section mapping as ...
Crypto scam accused used bourses, wallets to conceal illicit income, finds ED probe
A money-laundering probe by the Enforcement Directorate revealed that Satish Kumbhani orchestrated a $2.4-billion ...
New Income Tax Bill omits deduction for inter-corporate dividends under concessional rate
Income Tax Bill 2025 eliminates deduction for inter-corporate dividends for companies opting for 22% tax rate, causing double ...
Opinion
India’s new income tax bill: It’s more concise and makes for a friendly tax law
The Income Tax Bill 2025 is a big step forward in making India’s tax system friendlier but there are areas that need review. Constructive stakeholder consultations will be key to refine its provisions ...
Rachel Reeves plotting £4bn raid as desperate Chancellor breaks 'no tax increase' promise
Rachel Reeves is considering freezing income tax limits beyond the tax year 2028/29, the Financial Times reports. The UK ...
2 Great Preferred Stock Opportunities, Yields Up To 7.8%
Cumulative preferreds offer a compelling solution for income-focused investors, especially in uncertain and challenging ...
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 ...
Reeves ‘considering stealth income tax rise in Spring Statement’
Rachel Reeves is considering a stealth income tax rise in the Spring Statement next month. The Chancellor is looking at tax ...
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Thailand considers easing rules on income from overseas
Thailand is considering easing tax rules on overseas income to encourage capital repatriation and attract investors, as the ...