The Income Tax Act, 2025, scheduled for April 1, 2026, aims to replace the outdated tax law and streamline tax compliance for ...
Union Budget 2026 introduces a new Income Tax Act effective April 1, 2026, offering major relief through simplified ...
The overtime deduction is temporary – it only applies for the 2025 to 2028 tax years.
Together, income tax, GST and corporate tax form the primary revenue pillars, contributing over 85% of total tax receipts.
With the discontinuance of the use of the term ‘assessment year’ in the Income-tax Bill, now the term ‘tax year’ will now be ...
Budget 2026 approaches with taxpayers focused on the income tax rebate. Experts anticipate changes to Section 87A, potentially increasing limits or introducing gradual tapering. The rebate aims to ...
Learn how the income exclusion rule categorizes certain incomes, like certain interest and child support, as tax-free, ...
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