G.S.R. 125 (E).— In exercise of the powers conferred by section 285 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules ...

The objective of the new Bill is to streamline the Income Tax Act, making it more succinct, understandable, and user-friendly ...

Year ended December 31, 2024, gross profit and aggregates gross profit per ton include $20 million, or $0.10 per ton, ...

Earnings Growth and Margin Expansion Resumed in the Fourth Quarter Achieved Full-Year Records for Aggregates Revenues, Gross Profit and Unit Profitability Completed Aggregates ...

The bill will also replace verbose definitions with formulas and simplify the tax statute, two persons familiar with the development said. Currently, the Income Tax Act refers to the year of ...

Horace Mann Educators Corporation (NYSE:HMN), the largest multiline financial services company focused on helping America's educators and a core small-cap growth and value equity in the Financials ...

Total Revenue Impact for FY 2023-24 is projected revenue impact. (ii) The total revenue impact of major tax incentives for Individual/HUF taxpayers for last five years is Rs 8,69,907.40 Crores. In ...

It is expected that in the upcoming budget session on February 1, a new Income Tax Act may be proposed. The government may introduce the certain changes in the Income Tax Act in the Union Budget ...

New Income Tax Bill Latest News incometax.gov.in (February 13): The new bill, which aims to simplify the tax language for common people, will replace the Income Tax Act, 1961. New Income Tax Bill ...

The Income Tax Bill 2025, has 57 tables, compared to 18 in the existing I-T Act of 1961 and removed 1,200 provisos and 900 ...

The Union Budget for 2025-26 will be presented on February 1, 2025. Simplify the language and provisions of the current Income Tax Act. Reduce litigation and disputes by increasing clarity and ...

The Income Tax Act of 1961, despite numerous amendments, had become overly complex, leading to confusion and frequent litigation. The DTC seeks to address these issues by: 1. Simplifying Tax Laws ...