The new income tax bill, compared to Income Tax Act, 1961, is nearly half the size, containing 259,676 words, 23 chapters, 536 sections, 57 tables and 46 formulae.

Hari Agarwal, FCA is a highly respected Chartered Accountant with over 35 years of professional experience. His expertise in ...

The Supreme Court, while determining a tax matter, observed that the undisclosed income, under Section 271AAA(1) of the ...

The new Income Tax Bill 2025 consolidates salary provisions for clarity, incorporating previous deductions into the salary ...

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 ...

New Income Tax Bill 2025 LIVE Updates: Union Finance Minister Nirmala Sitharaman has presented the new Income-Tax Bill 2025 ...

Over six decades of amending the income tax law has made it an unwieldy legislation, increasing the incidence of litigation.

The Income-tax Bill cuts some clutter of the existing Act and introduces new illustrative tables, while maintaining ...

Union finance minister Nirmala Sitharaman on Thursday introduced the Income-Tax Bill, 2025 in the Lok Sabha aiming to abridge ...

FM Sitharaman is set to introduce the Income Tax Bill 2025 today. Find out what's new in the proposed tax system.

Explore the possible BIG updates in the Income Tax Bill 2025 and how the new system could bring changes that impact your ...

The Direct Tax Code - a new income tax bill meant to simplify compliance for individual taxpayers - will be introduced separately, and not as part of the Union Budget 2025 to be delivered by ...