This proposed legislation seeks to replace the existing Income Tax Act of 1961, which has been in place for over 60 years.

The new income tax bill received clearance from Union Cabinet last week. Soon, the FM will likely table the same in the ...

The new Income Tax Bill aims to replace the outdated 1961 Act, simplifying direct tax laws, reducing ambiguities, and curbing ...

The DTC will be brought to replace the Income Tax Act, 1961. The Direct Tax Code will overhaul the income tax laws, making them simpler and reducing legal complications and litigation for ...

During the Budget 2024 speech, Union Finance Minister Nirmala Sitharaman announced that the income tax law will undergo a comprehensive review. The finance minister asserted that a comprehensive ...

However, the introduction of the Global Minimum Tax Act (GMT Act) by the National Treasury has caught my attention. This piece of legislation is aimed at enhancing South Africa's ability to ...

For more information, see our expert panel. TaxAct has offered online tax filing services for more than 25 years. This season, it has four online filling plans and desktop software catering to ...

Experts suggest that the upcoming Union Budget might not see major structural changes in direct taxes as the government works on a new Direct Tax Code (DTC) to replace the existing Income-tax Act, ...

Will Finance Minister Nirmala Sitharaman replace the present Income Tax Act with the Direct Tax Code? As the country is gearing up for Union Budget 2025, businesses, individuals and all other ...

Budget 2025: Finance Minister Nirmala Sitharaman, in the Union Budget 2024, had proposed to revamp the Income Tax Act, 1961, to make it concise and easier to understand. It is expected that in the ...

Nirmala Sitharaman holds pre-Budget consultation with representatives of trade unions Finance Minister Nirmala Sitharaman in her July Budget had announced a comprehensive review of the six-decade old ...