New Income Tax Bill: Section 80C tax-saving deductions now under clause 123
The new Income Tax Bill, tabled today in the Lok Sabha, retains all the deductions and exemptions but under new section ...
New Income Tax Bill 2025 Highlights: FM Nirmala Sitharaman introduced new I-T Bill in Lok Sabha
New Income Tax Bill 2025 Highlights: Union Finance Minister Nirmala Sitharaman presented the new Income-Tax Bill 2025 in Lok ...
New Income Tax Bill 2025: Section 80C is now clause 123 under the new bill
While the bill suggests various amendments, the fundamental income tax rates and capital gains tax rates remain unaltered at ...
Tax Guru14d
Applicability of Section 13(1)(b): ITAT Remands Trust Registration Case to AO for Re-examination
From the phraseology in clause (b) of section 13(1), it could be inferred that the Legislature ... read with Rule 17CB of IT Rules and report the same in return of Income. It should also pay the tax ...
Income Tax Slabs Budget 2025 Highlights: How much income tax will middle class taxpayers save? FM Sitharaman's big tax announcements decoded
Finance Minister Nirmala Sitharaman has brought big cheer for middle class taxpayers - it’s a bonanza like never b ...
Indian govt to introduce new Income Tax Bill 2025 in Parliament - What to expect?
The bill consists of 23 chapters, 16 schedules, and 536 clauses, covering a broad spectrum of tax-related provisions.
New Income Tax Bill: Expect simplified rules, digital focus, and reduced litigation
The proposed I-T Bill would introduce the concept of ‘tax year’ to replace the financial year and is likely to be 622 pages ...
Income-Tax Bill 2025: What does the new bill say about PAN-Aadhaar rules?
Under the new bill, individuals who are eligible to obtain an Aadhaar number must provide it when applying for a PAN and ...
Income Tax Bill 2025: What You Need To Know About The New Tax Year!
The Income Tax Bill 2025 aims to reform Indias tax structure with new terminology, a tiered system, and simplified deductions ...
JD Supra9d
IRS Roundup January 13 – 17, 2025
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of January 13, 2025 – January ...
IRS Memo Marks A Major Shift In Transfer Pricing Approach
Ryan Finley explains why the IRS’s recent advice memorandum on periodic adjustments may signal a significant change in ...
Tax Breaks: The Money, Treasury, And Internal Revenue Service Shakeup Edition
Plus: Relief for taxpayers impacted by wildfires, itemizing deductions, civil forfeiture programs, Direct File, Tax Cuts and Jobs Acts, tax filing deadlines, and more ...