Budget taxes income from Category I and II AIFs as capital gains at 12.5%, with business income taxed at higher rates (30% ...

Lok Sabha Speaker Om Birla constituted a 31-member Select Committee of Lok Sabha MPs to examine the new Income Tax Bill, ...

Simplified Income Tax Bill brings in 'tax year' concept; omits 'previous year', obsolete clauses (Eds: Updating with details) ...

The proposed Income-Tax Bill 2025 aims to streamline the definition of taxable incomes categorized under the "Salaries" ...

Finance Minister Nirmala Sitharaman announced new tax slabs in the new tax regime 2025, so there will be no income tax for ...

Section 10 of the Income Tax Act, which previously outlined exemptions for various types of income, including agricultural ...

Federal taxable income generally includes wages, tips, royalties, commissions, and for some, up to 85% of Social Security benefits. And that's not an exhaustive list. However, several types of ...

New Income Tax Bill 2025 aims to simplify language by replacing complex terms with easier alternatives. Spanning 622 pages, ...

The JPMorgan Flexible Income ETF (JFLI), which started trading on Feb. 13, comes to market with a broad investment mandate ...

The income tax rates for the assessment years (AY) 2025-26 and 2026-27 remain unchanged across categories. Under Section 115BAC, default rates for individuals and Hindu Undivided Families (HUF) ...

As per the new tax bill, 'undisclosed income' includes 'money, bullion, jewellery, virtual digital asset or other valuable ...