Heightened I-T dept scrutiny has compelled many salaried taxpayers to avail of deductions on 80C tax-saving investments, HRA, ...

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The Select Committee has recommended key changes to the Income Tax Bill, 2025, including safeguards for small taxpayers, ...

In its report tabled in the Lok Sabha on Monday (21 July), the Parliamentary Select Committee has retained various provisions ...

The Select Committee of the Lok Sabha, led by chairperson Baijayant Panda of the Bharatiya Janata Party, has submitted its ...

Finance Minister Nirmala Sitharaman informed Parliament on Monday that the government has undertaken a series of measures to ...

With these 32 suggestions, the Committee has provided a roadmap for refining the new income-tax legislation—balancing ...

Retains key provisions but suggests 285 amendments, relief for taxpayers, clarity on provisions related to charitable and not ...

Baijayant Panda, Chairperson of the Select Committee of Lok Sabha, presented the Report of the Select Committee on the Income ...

The Bill aims to make clearer rules for exemptions, TDS, TCS, and not-for-profit organisations. All this, the government ...

Filing ITR is mandatory for individuals whose total income exceeds the basic exemption limit of Rs 3 lakh under new tax ...

The simplified bill is designed to reduce ambiguity and litigation by using plain language and a restructured format.