Tag: income tax law
Posted in Economy
Income tax simplification hopes rise as feedback process nears rollout; Budget 2025 may bring big news on direct tax laws
Income Tax reform: Expectations are rising that India might finally see the long-awaited simplification of its direct tax laws in the coming budget. According to…
Posted in Economy
union budget 2024: First draft of new simplified I-T law to be prepared by tax dept panel: Revenue Secretary Sanjay Malhotra
The first draft of a new simplified income tax law, as proposed in the Budget, will be prepared by an internal committee of the tax…
Posted in Economy
I-T department tweaks disclosure norms for charitable institutions claiming exemption
The income tax department has made changes to the disclosure requirements for charitable institutions claiming income tax exemption. Effective from October 1, the amendments to…