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

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

There has been a slight tweak in the wordings of non-resident clauses. As per the proposed Income Tax bill, 2025 a person who ...

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

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

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

Aimed at overhauling the nation’s tax system, the Income Tax Bill 2025 seeks to eliminate obsolete sections that have ...

Section 10 of the Income Tax Act, which previously outlined exemptions for various types of income, including agricultural ...

The Institute of Cost Accountants of India (ICMAI) has requested the government to recognize cost accountants under the definition of 'accountant' in the forthcoming Income Tax Bill, 2025. The ...

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

The concept of ‘tax year’ has been introduced replacing ‘previous year’ and ‘assessment year’ in the new Income Tax Bill ...

Amid discussions on the new Income Tax Bill, the Institute of Chartered Accountants of India (ICAI) asserts that audit responsibilities should remain exclusive to chartered accountants. Sister ...