New law replaces the 1961 Act from April 1, simplifying tax provisions, cutting litigation, removing obsolete taxes, and ...

Learn about the new Income Tax Act, 2025, replacing the 1961 law. Understand key changes, tax implications, and ...

The new Income Tax law was approved by Parliament on August 12, 2025 after a scrutiny by a Parliamentary committee. It had ...

New Delhi: India will get a new income tax law from April 1, 2026. The Income Tax Act, 2025 will replace the old Income Tax ...

The rules to implement the new law are currently being drafted and are expected to be notified after the presentation of ...

Explainer: The Income Tax Act, 2025, replacing the 1961 law from April 1, simplifies tax provisions, introduces a single tax ...

Income tax refund delays beyond December 31 are not uncommon, as there is no penal consequence for the department during this ...

India’s income tax system is set to witness one of the biggest reforms in decades. From April 1, the Income Tax Act, 2025 ...

The issue was whether settled losses could be ignored in a search assessment without incriminating material. The Tribunal held that the AO must start from the last assessed income and allow already ...

Any changes with regard to taxation of individuals, corporates, HUFs and others, which are announced in the Budget for ...