The Institute of Chartered Accountants of India (ICAI) has been tasked by the Finance Ministry to scrutinise the new Income ...

India's new income tax bill proposes sweeping powers for authorities to access taxpayers' emails, trading and social media ...

Basic threshold of 182 days or more or 60 days /365 days for an individual to be a resident in India is retained in the New ...

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

The Income Tax Bill 2025 is a big step forward in making India’s tax system friendlier but there are areas that need review. Constructive stakeholder consultations will be key to refine its provisions ...

It simplies the country’s income tax law to make it easier to grasp, enhance compliance and reduce litigation. While it makes no substantive changes, it lays a foundation for India to improve the law.

The proposed bill does not change tax rates. Instead, it focuses on three key improvements: simplifying language for better ...

The new Income Tax Bill leaves the definition of NRIs and residents unchanged, offering clarity but maintaining existing ...

New Income Tax Bill retains provisions on electoral bonds despite Supreme Court ruling, sparking speculation on future ...

The concept of Previous Year and Assessment Year, thus, were creating confusion in the minds of taxpayers as they represented ...

The language used in the Bill at many places is extremely lucid and is reader friendly as it has tables and formulas as ...

As the New Bill moves through the legislative process, the taxpayers and professionals alike are keenly watching the ...