In the case of a business or profession newly set up, or a source of income newly coming into existence in any financial year ...
Pre-Budget 2025, taxpayers could claim the rebate if their total income was Rs 7 lakh or below. However, with the new Budget, ...
The institute said it has submitted a memorandum to the Select Committee of Lok Sabha set up to examine the Income Tax Bill ...
Section 11(1A) of the present Income-tax Act provides that a capital asset ... Section 393 of the proposed bill contains 3 Tables applicable to three broad categories of Payees- Residents ...
Here are the top three tax-saving strategies stock market investors can leverage to build wealth efficiently.
The income tax bill shifts Section 80C deductions to Clause 123, effective April 1, 2026. The reform intends to simplify tax ...
In the latest income tax bill, a significant change has been made regarding deductions under section 80C of the Income-Tax ...
In its memorandum, ICMAI highlighted the extensive training of Cost and Management Accountants (CMAs), which includes expertise in taxation, finance, auditing, corporate laws, and strategic risk ...
The Institute of Chartered Accountants of India (ICAI) has been tasked by the Finance Ministry to scrutinise the new Income Tax Bill 2025 and propose enhancements. The Central Board of Direct ...
The tax brackets you fall into determine how much you owe the IRS at tax time. For tax year 2024 (filing in 2025), there are seven brackets: 10%, 12%, 22%, 24%, 32%, 35% and 37%. That will remain ...