The new bill has preserved the tax policies and key provisions of the Income-Tax Act, 1961. Redundant rules have been removed ...

Proponents claim "small businesses" rely on the pass-through deduction, but the benefits greatly favor the very rich.

Losses from one house property can now be offset against income from another property. However, any remaining losses can only ...

By avoiding abrupt policy shifts or tax rate changes, the bill focuses on a predictable fiscal environment for businesses and ...

Summary: Income Tax Bill 2025 was introduced in Parliament on February 13, 2025, as announced by Finance Minister Smt. Nirmala Sitharaman during her budget speech on February 1, 2025. This proposed ...

A major shift under the Financial Bill 2025 allows non-residents to adjust acquisition costs based on currency fluctuations ...

The new Income tax bill, 2025 is now reality with proposed implementation from thee F.Y 2026-27 replacing the existing income tax act, 1961 with avowed purpose to simplify the most complex direct tax ...

House Bill 1369 was heard by the House Finance Committee on Wednesday and proposed repealing credits for solar, wind, and ...

ICMAI advocates for cost accountants to be included in the definition of accountants under the Income Tax Bill 2025.

Budget conferees from the Senate and House of Delegates have offered a deal that scraps some proposals from Gov. Glenn ...

President Donald Trump has suggested getting rid of a federal income tax. Here's what paychecks nationwide would look like, ...

Eligible Philadelphia homeowners have until Feb. 28 to apply for the city’s Low Income Real Estate Tax Freeze program.