Tag: Income Tax Act 2025
New I-T Act marks new chapter in India’s tax administration, step towards Viksit Bharat: CBDT
The Income Tax Act, 2025, which came into force from Wednesday, marks a new chapter in India’s tax administration and is an important step towards…
New income-tax act takes effect today
New Delhi: The new Income-tax Act and budgetary provisions, including higher STT on speculative F&O trades, lower TCS on overseas tour packages and liberalised remittance…
New I-T law, higher securities transaction tax on F&O trade to kick in from April 1
New Delhi: The new income tax law and other budgetary provisions, including higher Securities Transaction Tax (STT) on F&O trade and lower TCS on overseas…
Make life easier for taxpayers, use technology to check evasion: FM Sitharaman to IT officers
New Delhi, Finance Minister Nirmala Sitharaman on Friday asked income tax officers to make life easier for assesses and use technology to catch those evading…
New I-T rules, forms by March; Income Tax Act to take effect from April 1, 2026
New Delhi: The income tax department will notify the new income tax rules and forms by the first week of March, officials said, paving the…
New Income Tax Rules 2026 likely to be notified in first week of March: CBDT sources
The draft rules and forms will remain in the public domain for 15 days, until February 22, 2026. The Income Tax Department had invited stakeholders…
A list of changes made in the tax laws in Union Budget 2026-2027| Business News
Finance minister Nirmala Sitharaman on Sunday presented her ninth consecutive budget on Sunday, unveiling a series of reforms and easing of tax rules for the…
India’s tax-to-GDP ratio aligns with major economies as reforms lift revenue: Report
New Delhi: India’s combined tax-to-GDP ratio, accounting for both central and state collections, currently stands at 19.6 per cent, positioning the country at par with…
Explainer: Simplified Income Tax Act, 2025, to come into force from April 1
Beginning April 1, the Income Tax Act, 2025, will come into force replacing the six-decade old tax law and the changes made in tax laws…
CBDT Chairman Ravi Agrawal asks officials to be ready for transition to new I-T Act
New Delhi: CBDT Chairman Ravi Agrawal has asked the Income Tax Department to be ready and active for the new direct tax law that will…