Finance Ministry issues corrigendum to Income Tax Bill on advance tax interest
The Finance Ministry has issued a corrigendum to the Income Tax Bill, 2025, clarifying the interest applicable on short …
Income Tax Bill 2025
No Tax up to ₹12.75 Lakh Income? Govt Clarifies Standard Deduction Rule
Introduction In a significant update for salaried taxpayers, the Indian government has officially clarified that a ₹75,000 standard deduction is available under …
Income-Tax (No. 2) Bill 2025 passed: : 10 Big Changes You Must Know”
Income-Tax (No. 2) Bill, 2025 – Passed in Lok Sabha on 11 August 2025 The Income-Tax (No. 2) Bill, 2025 replaces the …
Income Tax Bill 2025: Income from house property taxation related 2key amendments suggested by select committee, know the impact
The Lok Sabha Select Committee has recommended two key amendments regarding tax deductions on income from house property. One …
New Income Tax Bill 2025: Parliamentary Committee Suggests 285 Changes
New Delhi, A Parliamentary panel examining the Income Tax Bill-2025 on Wednesday made 285 suggestions on the draft legislation that …
CBDT launches portal to seek inputs on Income Tax rules, forms of Income Tax Bill 2025
New Income Tax Bill 2025 (AI image) The Central Board of Direct Taxes (CBDT), under Ministry of Finance has asked …
ICSI, ICMAI demand inclusion of co secretaries, cost accountants as ‘accountant’ in Income Tax Bill
Apex bodies of company secretaries and cost accountants have urged the government to include these professionals under the definition of …
What’s changed in the Income Tax Bill 2025? Key differences between the old and new tax act
New Income Tax Bill In a significant step towards modernizing India’s tax system, Finance Minister Nirmala Sitharaman introduced the Income …
New Income Tax Bill 2025: What is ‘tax year’ and how is it different from ‘assessment year?
The Centre plans to table the new Income Tax Bill 2025 in the Parliament on February 13. The new bill, …
