Income Tax Bill

Parliament passes new Income Tax Bill to replace IT Act, 1961. The Income Tax Bill, once enacted, will replace the archaic 6-decade-old income tax law. The legislation will make tax …

The Cabinet has approved the revised Income Tax Bill, 2025, sources said on Friday.  The approval comes weeks after a new version of the Income Tax Bill, incorporating most of …

The income tax department clarified that the new Income Tax Bill, 2025, does not propose any changes to tax rates, including long-term capital gains. The bill focuses on simplifying language …

Taxpayers often have to file income tax returns just so to claim a refund for having tax deducted at source for various reasons even when their income does not fall …

New Delhi: A Lok Sabha panel reviewing the Income Tax Bill, 2025 is set to propose a more taxpayer-friendly approach to anti-avoidance provisions aimed at curbing aggressive tax planning.  The …

The Monsoon session of Parliament will kick off on July 21 and end on August 12 and several new bills are proposed to be tabled during this time. Among these, …

The government has re-appointed Ravi Agrawal as the chairman of the Central Board of Direct Taxes (CBDT) for another year starting from 1 July, an official order said on Saturday.  …

Centre asks tax dept to drop tax appeals below new thresholds in 3 months ₹50 lakh to ₹60 lakh before the Income Tax Appellate Tribunal, from ₹1 crore …