Tag: new income tax bill
ITR filing: Want to claim zero tax for income upto ₹12 lakh? Need to wait till.. | Mint
In Budget 2025, Finance Minister Nirmala Sitharaman announced that taxpayers with income upto ₹12 lakh do not need to pay any income tax. Aside from...
New Income Tax Bill 2025: Section 80C tax-saving deductions moved to clause 123. Details here | Mint
The new income tax bill, 2025, has transferred section 80C tax saving deductions to clause 123, in Chapter VIII in it with an intention...
New Income Tax: While Australia took 3 years and UK even longer, how did tax reforms in India happen in 6 months? | Mint
India's income tax law has recently undergone a major reform with a new Bill having been introduced in the Lok Sabha on Thursday and...
New Income Tax Bill: Taxpayers can find the relevant provision through section-wise mapping utility. Check here | Mint
The income tax department has launched the utility to enable taxpayers to check the relevant provision of the new income tax Bill.The new income...
Does the New Income Tax Bill omit deduction for inter-corporate dividends under section 80M? | Mint
The Income Tax Bill, 2025 has omitted the deduction for inter-corporate dividends for companies which opt for 22 per cent tax -- permissible under...