The Income-Tax Bill, 2025, set to replace the six-decade-old Income Tax Act, 1961, brings significant refinements to India’s tax framework. However, unlike the Direct Taxes Code (DTC) proposals of ...

The Direct Tax Code (DTC) is a proposed reform to the Income Tax Act, 1961 (representational) A set of new tax laws called the Direct Tax Code is likely to simplify compliance for taxpayers soon.

On February 1, 2025, the Union finance minister submitted her submissions on revised Procedures, amendment of Sections, Tax proposals (both Direct and Indirect), etc. There was also the announcement ...

The Income-Tax Bill 2025 was introduced in Lok Sabha on 13 February to replace the existing Act. This bill does not propose radical changes like the Draft Direct Taxes Code Bill of 2009, nor does it ...

New Income Tax Bill 2025 Live Updates: Finance Minister Nirmala Sitharaman tabled the New Income Tax Bill in Parliament today with an aim to eventually replace the Income Tax Act 1961. The New Income ...

Caption: Tax season is a time of the year many people dread, but the Community Volunteer Income Tax Program is here to help. It offers free tax filing to Islanders with modest incomes — but it needs ...