Tax Bill, income

Mint Explainer | New income tax bill: Why was there a need for a new legislation?
The new income tax Bill aims to simplify India's tax law, eliminating redundancies and improving readability without altering its core principles. But does it go far enough? Mint explains
Income Tax Bill 2025 vs Income Tax Act 1961: What all has changed under the new bill; check FAQs
The objective of the new Bill is to streamline the Income Tax Act, making it more succinct, understandable, and user-friendly.
New Income Tax Bill 2025: Read full text of proposed new I-T Act
Finance Minister Nirmala Sitharaman presented the New Income Tax Bill 2025 in Lok Sabha, aiming to replace the 64-year-old l
Income Tax department activates section wise mapping of I-T Act, Tax bill
In a post on X, the department on February 14 said it has activated the utility to check Section of the Income Tax Act, 1961, vis-a-vis corresponding clause of the new Income Tax Bill. A taxpayer can select the section of I-T Act, 1961, from a drop down menu and accordingly the corresponding clause in the I-T Bill will appear.
Income Tax Dept releases FAQs on new Income Tax Bill, 2025: Check details
During the course of numerous amendments to the Income tax Act, 1961, several policy decisions were incorporated as separate provisions. Read below to know more about the Income Tax Bill 2025.
New Income Tax Bill 2025 vs current Income Tax Act 1961: What is really new?
The new Income Tax Bill will replace the Income Tax Act. However, not many people are able to understand how the new tax bill is different from the current Act. Here is how the new Income Tax Bill differs from the current Act and what is really new in it.
New Income Tax Bill 2025: FAQs issued on provisions for salaried taxpayers, virtual digital assets & more — details
The new Income Tax Bill 2025 consolidates salary provisions for clarity, incorporating previous deductions into the salary chapter and simplifying TDS/TCS with tables. It aims to eliminate redundancy and enhance readability while maintaining the scope of existing tax provisions.
New Income Tax Bill 2025 explained: Top 30 FAQs every taxpayer should check
The new bill aims to simplify tax provisions with clearer language, reducing its length and eliminating redundant sections while consolidating related content for easier understanding and compliance.
FM Sitharaman tables new Income Tax bill in Lok Sabha, virtual assets like crypto defined under income from other sources
The government on Thursday tabled the New Income Tax Bill, 2025, which aims to simplify tax laws, modernize definitions, and provide more clarity on various tax-related matters. This new bill, tabled in Lok Sabha by Finance Minister Nirmala Sitharaman,
Income Tax Bill 2025: I-T department launches self-mapping tool to compare old act, new bill
The Income Tax Department has made available a comprehensive comparison tool on their website, detailing the correlation ...
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Income Tax Act | No Penalty Under S.271AAA If Undisclosed Income Is Admitted, Explained & Tax Paid Even With Delay : Supreme Court
The Supreme Court, while determining a tax matter, observed that the undisclosed income, under Section 271AAA(1) of the ...
Tax Breaks: The IRS Criminal Investigation And Cancer Scam Edition
Plus: A slow start to the tax filing season, movement on the budget, refusing to file, rescheduling cannabis, tax filing ...
Tax Cuts and Jobs Act: Key Provisions Expiring
Robert Powell: The Tax Cuts and Jobs Act was enacted in 2017 and was scheduled to sunset after 2025, but who knows in the wake of the federal election. Here to talk with me about this is Noah Harden, ...
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All about Section 80GGA of Income Tax Act
Section 80GGA pertains to donations made for scientific research or rural development. These encompass contributions to ...
Trump’s 2017 tax cuts expire soon − study shows they made income inequality worse and especially hurt Black Americans
Going without insurance hurt all low-income Americans. But studies suggest the drop in Black Americans’ coverage under Trump’s plan outpaced that of white Americans. The rate of uninsured Black ...