Substantial reduction in the Act’s volume The review has led to a substantial reduction in the Act’s volume, making it more ...

The Income Tax Act 2025 will replace the current Income Tax Act 1961. As the current income tax laws will change, many ...

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

Finance Minister Nirmala Sitharaman announced new tax slabs in the new tax regime 2025, so there will be no income tax for ...

The Supreme Court on January 7 set aside the Gujarat High Court's judgment dated March 21, 2017, through which the rejection to the compounding application of the Appellant for the assessment ...

The increase in the TCS threshold limit from ₹7 lakh to ₹10 ... tax framework. The intention is to simplify compliance for taxpayers by reducing the complexity of the current Income Tax Act ...

The Tax Cuts and Jobs Act ... 10% standard rate of return is below 13.125%, the law taxes these excess returns at 21%, after a 50% deduction and a deduction worth 37.5% of FDII. This excess ...

The new tax regime offers lower tax rates without any deductions. On the other hand, the old tax regime provides several deductions under various Sections of the Income Tax Act, 1961, though the ...

The U.S. Department of the Treasury and IRS on Jan. 10, 2025, released initial guidance regarding the production tax credit (PTC) for clean ...

Ans: As noted above, the total words in the new Income Tax Bill, 2025 are around 2.6 lakhs, as against 5.12 lakh words in the ...

In the budget, the government plugged a key loophole in tax rules which allowed FPIs to enjoy a 10% LTCG rate on non-equity ...

The company will host its conference call on February 25, 2025 at 11:00 a.m. PST to discuss the operating results. Realty Income Corporation ... Reform Act of 1995, Section 27A of the Securities ...