1 week ago Online Gaming Income In FY25: Tax Rate, TDS Rules, And Reporting In ITR Explained

Online Gaming Income In FY25: Taxpayers earning from online gaming in FY 2024-25 must disclose winnings under 'Income from Other Sources.'

Politics

2 w. ago Income Tax Act Receives President's Assent, New Law To Come Into Effect In 2026

The new Income Tax Act does not impose any new tax rate and only simplifies the language, which was required for understanding the complex Income Tax laws.

Politics

2 w. ago Rajya Sabha Passes Online Gaming Bill 2025 That Outlaws Real

The Promotion and Regulation of Online Gaming Bill, 2025 has been passed in the Rajya Sabha and now heads to the President.

Politics

2 w. ago 19 Bills, Including New Income Tax Act, Passed Without Protesting Opposition

Nineteen bills - including two critical proposals, one to overhaul the Income Tax Act of 1961 and another to amend the Constitution to sack ministers facing criminal charges - were passed sans...

Economics

2 w. ago Unemployed Or A Student? Here's Why You Should Still File Income Tax Return

Filing ITR is beneficial for students and unemployed individuals, providing proof of income, claiming tax refunds, facilitating large transactions, carrying forward losses, building financial...

Society

2 w. ago Chaos In House As Amit Shah Introduces Bill On Removal Of PM, Chief Ministers

Union Home Minister Amit Shah has introduced a controversial law in Lok Sabha under which the Prime Minister and Chief Ministers of states can be removed from office if they are in jail for 30 days,...

Politics

2 w. ago Jan Vishwas (Amendment) Bill, 2025 Tabled In Lok Sabha; Aims To Decriminalise Minor Offences

The Bill proposes amendments to over 350 provisions across multiple laws, aiming to decriminalise minor offences and foster more trust-based governance mode.

Events

3 w. ago Income Tax Bill 2025: CA Shares 'Why The Middle Class Should Pay Attention'

The Income Tax Bill 2025 aims to simplify tax laws and procedures, offering the middle-class taxpayers easier compliance, faster refunds and more clarity in managing their taxes.

Economics

3 w. ago SEBI Proposes Standard Code For Smooth Transfer Of Securities To Legal Heirs

The move seeks to enable proper application of the provisions of the Income Tax Act, 1961.

Politics

3 w. ago Lok Sabha Passes New Income Tax Bill; Individuals Failing To File Returns In Time Can Claim Refunds

The new Income Tax Bill passed by the Lok Sabha will allow individuals to claim tax deducted at source refunds even if they fail to file income tax return within due date.

Economics

3 w. ago Income Tax (No 2) Bill Clears Lok Sabha. What Is In 'S.I.M.P.L.E' New Law?

The Income Tax (No 2) Bill cleared the Lok Sabha sans debate Monday but to the cacophony of opposition MPs protesting the voter list revision in Bihar.

Economics

3 w. ago New Income Tax Bill: Key Changes In The Legislation Tabled By FM Sitharaman

The new Income Tax Bill also aims to provide exemption for certain subscribers of the Unified Pension Scheme.

Economics

3 w. ago Finance Minister Nirmala Sitharaman Tables New Income Tax Bill In Lok Sabha

The New Income Tax Bill 2025 aims to avoid confusion from multiple versions and ensure a single, updated draft is considered by the House.

Economics

3 w. ago Income Tax Bill 'Not Absolutely New', To Incorporate 285 Changes Accepted By Govt: Kiren Rijiju

Parliamentary Affairs Minister Kiren Rijiju on Saturday said that Finance Minister Nirmala Sitharaman will introduce the new Income Tax Bill, as cleared by a Select Committee, in the Lok Sabha on...

Economics

3 w. ago "Normal Parliamentary Procedure": Kiren Rijiju On New Income Tax Bill

Amid criticism of the new Income Tax Bill's withdrawal from the Lok Sabha, Union Minister Kiren Rijiju said that introducing a Bill in Parliament after necessary amendments is a normal procedure.

Politics

3 w. ago Election Commission Delists 334 Registered Unrecognised Political Parties

Some registered unrecognised political parties were, in the past, seen flouting income tax laws and the anti-money laundering law.

Politics