In a fair tax system, everyone pays their fair share, no one pays more than they can afford, and the government raises enough ...
The new Income Tax Bill aims to simplify language by replacing complex terms with easier alternatives. Spanning 622 pages, it ...
Under the tax rules, amounts received for damage to property, including property insurance payments, are treated as sales ...
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FM Sitharaman tables new Income Tax bill in Lok Sabha, virtual assets like crypto defined under income from other sourcesThe government on Thursday tabled the New Income Tax Bill, 2025, which aims to simplify tax laws, modernize definitions, and ...
Pre-tax income and revenue are two distinct financial metrics, each serving a different purpose in evaluating a company’s ...
To streamline the law, the new bill reduces the number of pages from 823 to 622, removing redundant provisos and explanations ...
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The objective of the new Bill is to streamline the Income Tax Act, making it more succinct, understandable, and user-friendly ...
It is recommended to use the income tax calculator to assess the exact income ... performance of duties of an office or employment of profit if the free conveyance is not provided by the employer.
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