The ICAI has proposed a reduction in the number of sections in the bill by 90 to 100 from the current total of 536.

The new Income Tax Bill 2025 aims to simplify tax laws, modernize definitions, and clarify taxation policies for individuals, ...

Govt capital expenditure, tax cuts for middle class income groups to boost consumption and monetary easing will help India’s ...

The new tax regime in India offers higher take-home salaries and lower average tax rates compared to the old regime for ...

The Institute of Chartered Accountants of India (ICAI), which briefed the panel at its first meeting on March 6, has opposed any changes to the definition ...

Khan's UK earnings were taxed in the UK, and India's DTAA with the UK allowed him to offset this tax against his Indian ...

Here is a list of 7 best tax-saving investment options in India, by investing in which you can save tax and lay the ...

A Bollywood actor wins a major tax case on Foreign Tax Credit (FTC). Learn how FTC works, key legal takeaways, and how to ...

Section 247 of the Income Tax Bill, 2025, prescribes an authorised officer to gain access by 'over-riding' the access code of ...

INTRODUCTION There are a few popular beliefs in India that agricultural income is completely exempt from tax. While this holds somewhat true, the reality is ...

Income Tax Appellate Tribunal (ITAT) has given relief to actor Shahrukh Khan by quashing reassessment order issued for ...

WHY TO INCLUDE COST ACCOUNTANT IN ACCOUNTANT DEFINITION OF THE INCOME TAX ACT/BILL . 1. Introduction. Before delving into the ...