If passed, the legislation would exempt college athletes from paying state income tax on their NIL compensation.

A well-drafted tax law will play a key role in contributing to our shared vision of a Viksit Bharat. However, its success ...

From February 9 to 16, significant events included a tragic stampede at New Delhi Railway Station, the introduction of the ...

New Income Tax Bill, 2025 simplifies tax laws, reduces word count, introduces 'tax year', and enhances readability for ...

Understand the major updates in India’s Income Tax Bill 2025, including tax law simplification and a shift to a unified tax ...

ICAI supports new Income Tax Bill 2025 to simplify tax framework, stimulate growth, and assist members with understanding.

Taxpayers can now easily compare sections of the Income Tax Act, 1961, with corresponding clauses in the new Income Tax Bill, ...

In accordance with section 153 of the Income-Tax Bill 2025, senior citizens are eligible to claim a tax deduction of Rs ...

The Income Tax Department has made available a comprehensive comparison tool on their website, detailing the correlation ...

The new bill will replace the current Income Tax Act, 1961, and will become effective from April 1, 2026, i.e., from FY ...

Retirees withdrawing large pension pots are being hit with massive tax bills, as many over 55s remain unclear about the rules ...

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