The news report indicates that the government can bring a new income tax bill in the Budget 2025 session of the Parliament.

Elon Musk posted that the IRS Direct File group had been "deleted," prompting confusion about the free tax prep service's future.

Implications for capital gains, wealth taxes, and investment strategies require careful consideration, notes Anil Rego, ...

Budget 2025 prioritises non-inflationary growth through careful fiscal management, with the government's entire borrowing of ...

The Direct Tax Code - a new income tax bill meant to simplify compliance for individual taxpayers - will be introduced ...

A set of new tax laws called the Direct Tax Code is likely to simplify compliance for taxpayers soon. Finance Minister ...

On February 1, 2025, the Union finance minister submitted her submissions on revised Procedures, amendment of Sections, Tax proposals (both Direct and Indirect), etc. There was also the announcement ...

itharaman emphasized that the new code would not only simplify the complex provisions of the current tax laws but also ...

FM Sitharaman's speech last Budget hinted at this new tax law when she said the goal was to simplify the income tax laws and cut the Income Tax Act, 1961's page-count by as much as 60 per cent.

The Direct Tax Code will overhaul the income tax laws, making them simpler and reducing legal complications and litigation ...

The existing tax structure, burdened by numerous amendments, has become increasingly complex, making filing returns a ...

The new income tax bill - a direct tax code meant to simplify compliance for individual taxpayers - will be introduced next ...