New I-T Act will increase voluntary compliance: OfficialThe Income Tax Act, 2025 will boost voluntary compliance by simplifying provisions and reducing complexity, a senior official said. The rev...
21 Apr, 2026, 09.49 PM IST
Turning 60 this year? Senior citizen can file Form 121 to prevent TDS for the Tax Year 2026-27; Check how to avail and key details herePeople turning 60 at any point during the financial year can now claim senior citizen benefits for the full year while filing the new Form ...
13 Apr, 2026, 06.01 PM IST
Oberoi Realty & Nirmal Lifestyle get NCLT approval for mergerThe National Company Law Tribunal has approved the merger of Nirmal Lifestyle Realty with Oberoi Realty. This move will simplify Oberoi Rea...
13 Apr, 2026, 11.19 AM IST
Top 10 winners get Rs 10,000 each: Income Tax Dept organises quiz on Income Tax Act, 2025 with cash prizesThe Income Tax Department is hosting a quiz on the new Income Tax Act, 2025. This initiative aims to boost citizen awareness of the taxatio...
10 Apr, 2026, 05.52 PM IST
No income tax? This US state proposal ignites hype and serious budget fearsNo income tax states US: South Carolina is set to gradually eliminate personal income tax. This move promises a simpler tax system but rais...
04 Apr, 2026, 12.31 AM IST
New income tax rules from April 1, 2026: From HRA relief to new ITR deadlines, key changes explainedNew income tax rules: Significant income tax changes are coming from April 1, 2026, with the Income Tax Act of 2025 replacing the 1961 act....
01 Apr, 2026, 02.19 PM IST
New Income Tax Act 2025 to prioritize simplicity and stakeholder engagement, says FM Nirmala SitharamanFinance Minister Nirmala Sitharaman announced the Income Tax Act 2025, replacing the 1961 Act with a simpler, more concise framework effect...
20 Mar, 2026, 07.40 PM IST
Explainer: Simplified Income Tax Act, 2025, to come into force from April 1A new Income Tax Act, 2025, will replace the 1961 law on April 1, simplifying direct tax legislation and reducing its volume by 50%. The re...
11 Jan, 2026, 11.15 AM IST
Income Tax Dept releases FAQs on new Income Tax Bill, 2025: Check detailsIncome Tax Bill 2025: There has been a significant reduction in the text of new Income Tax Bill 2025, in comparison to the existing Income ...
14 Feb, 2025, 10.17 AM IST
Nirmala Sitharaman tables new Income Tax Bill in Lok SabhaThe new Income Tax Bill, introduced in Parliament by Nirmala Sitharaman, aims to simplify and modernise India's tax system without adding n...
13 Feb, 2025, 04.44 PM IST
New income tax bill: What it could mean for taxpayers and how it can impact themNew income tax bill, 2025: FM Nirmala Sitharaman, while presenting the Union Budget 2025 on February 1, announced that she will table the n...
12 Feb, 2025, 01.05 PM IST
Will Budget 2025 replace Income Tax Act with new Direct Tax code? Here’s what experts sayDirect Tax Code vs Income Tax Act: The finance minister is all set to present Budget 2025 on February 1, 2025. There are speculations that ...
12 Feb, 2025, 01.03 PM IST
New income tax bill: What should you expect?India's Finance Minister Nirmala Sitharaman announces a New Income-tax Bill in 2024 aimed at simplifying tax laws, stimulating investment, ...
07 Feb, 2025, 02.17 PM IST
Elon Musk and Donald Trump plan for a simplified tax code: What it means for your walletElon Musk and Vivek Ramaswamy, potentially under a Trump administration, are considering simplifying the U.S. tax code, possibly implementi...
23 Dec, 2024, 03.51 PM IST
Simplify ITR forms, bring 'one rate one section' for TDS: Deloitte surveyA Deloitte survey reveals that most income tax filers in India want simpler ITR forms, easier incentive calculations, and a streamlined TDS...
04 Dec, 2024, 01.48 PM IST
I-T dept receives 6,500 suggestions on income tax act reviewThe income tax department received suggestions for the Income Tax Act review. Finance Minister Nirmala Sitharaman chaired a meeting on the ...
04 Nov, 2024, 10.39 PM IST
Income tax simplification hopes rise as feedback process nears rollout; Budget 2025 may bring big news on direct tax lawsThe govt will invite suggestions from the private sector and tax experts on the Income Tax Act, 1961, starting October. This initiative aim...
29 Sep, 2024, 12.03 PM IST