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

Deductions from salaries, such as standard deduction, gratuity, and leave encashment, have now been consolidated in one ...

As India moves closer to a major tax overhaul, the new Income-Tax Bill 2025 seeks to simplify the tax structure and to make ...

The new Income Tax Bill is a key element of the regulatory reforms announced by finance minister Nirmala Sitharaman in her ...

The proposed Income Tax Bill, 2025 aims to replace the existing Income-tax Act, 1961, with clearer language and structure. It introduces the 'tax year' concept and consolidates sections to improve ...

The New Income Tax Bill 2025 simplifies tax rules, introduces user-friendly tables, and removes outdated terms, making tax filing easier and more transparent.

“Through the Essential Home Repair program, YNDC provides low-income Mahoning County homeowners with necessary home repairs ...

The much-anticipated new income tax bill will replace terminologies like assessment and previous year with easier to understand ‘tax year’ as part of move to simplify language while removing provisos ...

The new Income Tax bill is set to introduce the concept of 'Tax Year'. This will replace the current concept of assessment ...

A prominent public-interest law firm is warning that Los Angeles’ apparent requirement that older apartments be replaced with income-restricted low-income housing is an “unconstitutional taking” that, ...

The simplified Income Tax Bill 2025, which brings in the concept of ‘tax year’ and abolishes the archaic and complicated terms ‘previous’ and ‘assessment years’, is likely to be introduced in ...

The main objective of the new income tax bill is to streamline the existing Income Tax Act of 1961 to enhance comprehension of income tax laws among the general public and minimise legal disputes.