The new Act adopts a broad definition of income, covering salary, capital gains, perquisites, subsidies, and windfalls, ...
Presenting the Union Budget 2026–27 in the Lok Sabha, FM Sitharaman said all direct tax changes proposed in the Budget would ...
Under the Income Tax Act (ITA), 2025, the government has renumbered most sections without materially changing the core philosophy of the current Income Tax Act, 1961.
T department has released draft rules and forms for the new Income Tax Act 2025, aiming to simplify compliance and enhance ...
This explains how the new law defines “income” using an inclusive approach rather than a fixed list. The key takeaway is that any real economic gain is taxable unless specifically ...
The Income Tax Act, 2025 will come into force from April 1, Finance Minister Nirmala Sitharaman said. It will replace the six ...
The final Income Tax Act, 2025 has removed a one-time provision that allowed brought-forward long-term capital losses to be set off against short-term capital gains. This change reverts to the ...
The Income Tax Department has released draft rules under the new Income Tax Act, 2025, to simplify provisions and reduce ...
The Income Tax Act, 2025, introduces new Form 128 for applications requesting nil or lower Tax Deducted at Source (TDS) on ...
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