New Income Tax Bill 2025: What changes, what remains, and how it may impact tax payers
One key update is the introduction of a “tax year,” which refers to the 12-month period starting from April 1, effectively replacing the term “assessment year.”
New Income Tax Bill: What does replacing ‘assessment year’ with ‘tax year’ mean for taxpayers? FinMin FAQ explains
The concept of ‘tax year’ has been introduced replacing ‘previous year’ and ‘assessment year’ in the new Income Tax Bill tabled in the Lok Sabha
Income Tax Dept releases FAQs on new Income Tax Bill, 2025: Check details
To promote infrastructure development, section 80IA was brought into Income-tax Act, 1961.
FinMin asks ICAI to review new Income Tax Bill 2025, suggest improvements
Central Board of Direct Taxes expects the Institute of Chartered Accountants of India to go through the bill section-by-section, keeping in mind the needs of both businesses and individual taxpayers
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.
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,
Tax cuts in Ohio? Here's what DeWine wants when it comes to income, marijuana, sports betting
Gov. Mike DeWine is wary of cutting Ohio's income tax, but he wants to use sin taxes on cigarettes, marijuana and sports ...
Income tax filing: What Arizonans should know about Social Security benefits, credits
With the tax-filing season in progress, you probably have wondered how you compare with other Arizonans. Here are some ...
Income Tax Reduced For Millions of Americans
Kentucky Gov. Andy Beshear signed a bill into law which will reduce the personal income tax for millions of Kentuckians.
New Income Tax Bill 2025
Finance Minister Nirmala Sitharaman introduced the new Income Tax Bill, 2025, aiming to simplify tax laws and encourage ...
New Income Tax Bill: No changes in capital gains tax structure, but language simplified
Under the new Income Tax Bill, 2025, Clauses 196, 197, 198 will deal with capital gains, and cryptocurrency has now formally ...
India's new income tax bill proposes broad access to taxpayers' devices, social media accounts
India's new income tax bill proposes sweeping powers for authorities to access taxpayers' emails, trading and social media ...
IRS Income Tax Refund Schedule 2025: When Will Your Refund Arrive?
IRS tax refund may arrive sooner than you think. Here’s a schedule for when you can expect your check or direct deposit.
South Bend has a variety of local organizations offering free tax preparation services
Ken and Rick love the word "free," especially when it describes the price of income tax preparation. Today's article ...
Savvy Senior: What’s the federal income tax threshold?
Whether you are required to file a federal income tax return this year will depend on how much you earned last year, plus a ...