New Income Tax Bill 2025: This may still undergo several changes sooner than later
However, it is noteworthy that the current Bill is expected to undergo a lot of changes since the income tax portal is still ...
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New Income Tax Bill proposes key changes: 23 chapters, 16 schedules, and taxpayer’s charter
Sources indicate that the bill focuses on easing compliance. The new framework will streamline paperwork, integrate digital ...
Income-Tax Bill 2025 vs Direct Tax Code proposals: How are they different
Digital economy taxation is another major update — while the DTC lacked specific provisions, the new bill introduces taxation for crypto-assets and digital transactions.
Tax Guru2d
Cost Inflation Index Update FY 2024-25: Key Changes Explained
How is Cost Inflation Index used in Income Tax? Long term capital assets are recorded at cost price in books. Despite increasing inflation, they exist at the cost price and cannot be revalued. When ...
The Financial Express13d
Budget 2025: Mutual fund industry pushes for return of indexation benefits, tax relief on debt funds
In Budget 2024, one of the key proposals was the reintroduction of indexation benefits, which had been withdrawn the previous ...
Mint10d
Budget 2025: Consumer durables Index rises 2%: Blue star Voltas lead with gain up to 7% on income tax relief trigger
Budget 2025: Consumer durables Index rises gained more than2% as Blue Star, Voltas, Whirlpool Crompton Consumer, Havells and others lead with gains of more than 7%. The Income tax slab rise ...
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Confused about all the tax changes in the past decade? Just wait
Among them: Individual income tax rates: The TCJA lowered five of the ... but TCJA applied a different inflation index than the one used for decades up until 2017. Personal exemptions: The TCJA ...