The proposed Income Tax Bill, 2025 aims to simplify the tax system with a reduction in sections and word count, in

There is going to be a big change in the Income Tax Law in the country. The government has released the draft of the new Income Tax Bill 2025. Along with making the tax process easier, it also tells which income will not be taxed.

The income tax return filing deadlines, income tax slabs, and capital gains taxations remain unchanged, as outlined in Budget 2025, to provide tax certainty for taxpayers.

Both the old and new tax regimes for individuals and Hindu Undivided Families (HUFs) will be retained, allowing taxpayers to choose the most beneficial structure for their income.

The Income-tax Bill, 2025 exemplifies the Government’s resolve to enhance the ease of doing business and create a transparent, user-friendly tax framework.

Revising the method for determining the annual value of a property, the bill mandates that the annual value will be calculated based on the higher value between the reasonable expected rent from year to year,

The new income tax bill is expected to be introduced in Parliament on Thursday, 13 February. The bill will introduce a new concept of a 'tax year,' defined as the 12 months starting from April 1. For businesses or newly established professions,

Under the new bill, individuals who are eligible to obtain an Aadhaar number must provide it when applying for a PAN and filing their income tax return (ITR).

The Income-tax Bill cuts some clutter of the existing Act and introduces new illustrative tables, while maintaining continuity in most aspects. There are no major tweaks in penalty or compliance provi

India will introduce a new condensed version of its income tax law in the lower house of the Parliament on Thursday, which aims to simplify the six decades old rules that have led to a slew of litigations.

The government has shared a list of frequently asked questions that taxpayers may pose after reading the Income Tax Bill 2025. Read on to know what they are.