India and France have agreed to develop small modular reactors (SMRs) together after Prime Minister Narendra Modi visited ...

The Budget 2025 has raised the threshold of rebate available under Section 87A from Rs 25,000 to Rs 60,000. The basic income ...

Substantial reduction in the Act’s volume The review has led to a substantial reduction in the Act’s volume, making it more ...

The effective capital expenditure in this Budget is projected at Rs. 15.49 lakh crore as against Rs. 13.18 lakh crore in the ...

To streamline the law, the new bill reduces the number of pages from 823 to 622, removing redundant provisos and explanations ...

Here are the top 10 highlights of the new income tax bill.

According to the agenda circulated by the Lok Sabha secretariat, Union Finance Minister Nirmala Sitharaman will introduce the ...

The new Income Tax Bill, 2025 will be tabled in Parliament today (). The idea behind the new bill is to simplify taxation laws – currently governed by the Income Tax Act, 1961 – for the common man.

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 ...