T Return forms simple to ease compliance under the new law, which replaces the six-decade old Income Tax Act, 1961 ...

The 2025 Act cuts chapters, sections, and word count by half while reorganising the entire law into clearer tables and ...

The new Income Tax Bill, 2025, will come into effect from April 1, 2026. It aims to simplify tax compliance and make it more ...

Calcutta High Court rules that the Income Tax Department cannot retain a refund under Section 245 without an outstanding tax liability, ordering release of Rs.22,73,833/- with ...

The new law removes redundant provisions and archaic language and reduces the number of sections from 819 in the Income Tax ...

CBDT chief announces simplified ITR forms and rules under the new Income Tax Act to be notified by January 2026.

Taxpayers will receive the full compliance framework for the revamped Income Tax Act, 2025 by January, with simplified return ...

If passed, the Service Members Tax Relief Act would eliminate federal income tax on all active-duty and reserve pay, as well as military bonuses.

Major tax-saving investments, eligible for deductions under the overall Section 80C limit of Rs 1.5 lakh per annum, include PPF, ELSS, ULIP and NPS, among others.