Search For "income tax"
Aim is to reduce litigation, consolidate TDS deduction: PP Chaudhary on ne
Updated : 7 months, 2 weeks ago IST
The proposed IT bill has 23 chapters and 536 provisions, a huge reduction from the earlier 47 chapters and 819 provisions from the 1961 bill.
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New Income Tax bill improves ease of doing business, to give investors con
Updated : 7 months, 2 weeks ago IST
"I congratulate the Finance Minister for introducing the New Income Tax Bill, and I say new because the existing Bill dates back to 1961. This bill has seen several amendments. The government's objective, which is the right idea, is that this bill which is over 60 years old and has so man
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47 chapters brought down to 23; 819 provisions reduced to 536 in Income-ta
Updated : 7 months, 2 weeks ago IST
Lok Jan Shakti Party (Ram Vilas) MP in Lok Sabha and member of the Select Committee on the Income-Tax Bill, 2025, Arun Bharti, welcomed the Bill and said 47 chapters have been brought down to 23, while 819 provisions have been reduced to 536.
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New Income Tax Bill a step toward simplified, fair tax system: LJP MP Arun
Updated : 7 months, 2 weeks ago IST
Lok Sabha MP Arun Bharti lauded the Income Tax Bill, 2025, presented in Parliament, calling it a landmark step toward simplifying India's tax system. He said the bill reduces legal ambiguity, supports startups and MSMEs, and lessens compliance burdens through structural reforms and clear lan
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How TaxSQR Is Redefining Income Tax Filing for India's Modern Taxpayer
Updated : 7 months, 2 weeks ago IST
New Delhi [India], July 23: With a structured, product-first approach, this Gurugram-based startup is bringing clarity and confidence back to compliance.
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New Income Tax Bill to promote MSMEs; enable youth to start new businesses
Updated : 7 months, 2 weeks ago IST
"The impact of simplifying the Income Tax Act will be on youth who want to start new businesses, small businesses, MSMEs, or states where inequalities have arisen due to some reason, so that there can be equality in that. There are multiple things, some small changes to revolutionary chan
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New Income Tax bill halves word count, eases compliance: Chairman of the F
Updated : 7 months, 2 weeks ago IST
BJP Member of Parliament and Chairman of the Finance Select Committee, Baijayant Jay Panda on Tuesday reflected upon the ongoing simplification of India's tax laws, stated that the newly proposed Income Tax Bill aims to make compliance easier for taxpayers without altering tax policies or ra
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Income tax employees call for boycott of Income Tax Day celebrations
Updated : 7 months, 2 weeks ago IST
Income tax employees across the country will boycott the official Income Tax Day celebrations on July 24, as part of an escalating protest against what they term the "persistent apathy" of the Central Board of Direct Taxes (CBDT) toward their pressing concerns.
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ITAT upholds Rs 199 crore tax demand on Congress, denies exemption
Updated : 7 months, 2 weeks ago IST
In a blow to Indian National Congress, Income Tax Appellate Tribunal (ITAT), Delhi Bench, has upheld a tax demand of Rs 199.15 crore for the assessment year 2018-19, rejecting the party's claim for exemption under Section 13A of the Income Tax Act.
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Parliamentary panel recommends ease in refunds to small tax payers if IT r
Updated : 7 months, 2 weeks ago IST
In its report, the panel has suggested important changes to tighten definitions, remove ambiguities, and align the new law with existing frameworks
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Select Committee report on new Income-Tax Bill presented in Lok Sabha
Updated : 7 months, 2 weeks ago IST
The report of the Select Committee on the new Income-Tax Bill was presented in Lok Sabha on Monday by the panel chairman Baijayant Panda.
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Income tax cuts, eased lending rates, and above-normal rainfall, not yet t
Updated : 7 months, 2 weeks ago IST
The positive macroeconomic indicators of Indian economy, such as income tax cuts, easing lending rates, and above-normal rainfall, have not yet translated into a revival in vehicle demand in the country, according to a report by Incred Equities.
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