Category: Income Tax 2025

Detailed explanation of the conflict between FM Nirmala Sitharaman and AAP MP CA Raghav Chadha regarding the tax-free income up to Rs 12 lacs in the Finance Bill 2025.

New Income Tax Bill, 2025 simplifies complex assessment procedures by reducing word count/number of sections, consolidating faceless assessments and treatment of VDAs.

New Income Tax Bill 2025 consolidates filing obligations into one clear framework, making it easier for all assessees to locate their requirements, with unchanged due dates and return filing …

Income Tax Bill 2025 streamlines TDS/TCS provisions by merging multiple sections, reducing word count, and retaining current tax rates for easier compliance and clarity.

Income Tax Bill 2025 aims to simplify tax compliance by restructuring the chapters on salaries and house property, reducing redundancies and clarifying key terminologies.

Proposed Income Tax Bill 2025 aims to streamline exemptions by restructuring Section 10 of the Income Tax Act, 1961. Learn about the simplification measures for clarity and easier compliance.

Proposed Income Tax Bill 2025 consolidates provisions for NPOs, clarifies registration and compliance requirements, ensures exemptions for genuine charitable activities.

Explore whether the Income Tax Bill 2025 has introduced new references to “Finance Companies” and “Finance Units” in the context of dividends.

The new Income Tax Bill 2025 updates the terminology and restructures the language used in the critical section 4 that deals with the charge of income-tax.

Introduction of the “tax year” concept in the Income Tax Bill 2025 replaces the dual use of “previous year” and “assessment year” under the current Income-tax Act, 1961.