New Income Tax Bill 2025: Less complex, increased compliance to unified tax rates - how taxpayers will be impacted
The Union Cabinet approved the new Income Tax Bill on Friday, which is poised to replace the existing Income Tax Act of 1961.
Center on Budget and Policy Priorities3d
2025 Budget Stakes: High-Income Tax Cuts, Price-Hiking Tariffs Would Harm Families
High-income households and profitable corporations would grow even wealthier under Republican proposals for trillions of ...
Budget 2025 income tax: Personal tax announcements from the Budget and their impact
Recognizing the contributions of the middle class and with an objective to eventually phase out the old tax regime, various ...
Tax Guru2d
Budget 2025: Key Highlights of Income Tax Proposals
The Budget 2025 introduces significant reforms in personal income tax, aimed at providing relief to middle-class taxpayers ...
Trump wants to end a popular Wall Street tax break. What to know about the ‘carried interest loophole'
President Donald Trump wants to end the carried interest loophole. Here’s how the tax break benefits Wall Street investment ...
ITR filing: Know the new Budget 2025 rules for filing updated income tax returns
Union Budget 2025 has proposed to extend updated return filing period to 48 months; understand the rules, benefits, and ...
Tax Guru2h
9 Key Tax Compliance Issues Missed in Union Budget 2025
This will increase the burden of compliance on the part of the assessees and simultaneously increase the burden of the Income Tax Department also in monitoring the same. Many firms do not have TAN and ...
India’s budget 2025: can tax relief revive slowing consumption?
India’s 2025 budget cuts taxes to boost spending, but can it offset slowing growth amid inflation, weak demand, and global ...
New vs old income tax regime after Budget 2025: Post income tax slab changes, which tax regime is better for salaried middle class taxpayers?
Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant ...
No need to wait for Budget for Income Tax Relief! New Income Tax Bill may have unique features, likely to get cabinet nod today
Apart from tax relief provisions, the bill may introduce several structural and linguistic reforms. Such as replacing the term “Assessment Year” with “Tax Year”, eliminating British era references ...