Mar 25, 2025 03:44 PM IST The Choose Committee has been mandated to submit its report on the invoice by the primary day of the following session of Parliament. The brand new Revenue Tax Invoice will likely be taken up for dialogue within the monsoon session of Parliament, Finance Minister Nirmala Sitharaman mentioned on Tuesday….
New Delhi: Sources within the Central Board of Direct Taxes (CBDT) have sought to clear the air after some issues had been raised that Revenue Tax authorities have been given further powers within the Revenue Tax Invoice 2025 to realize overriding entry to the digital information together with e-mail, social media, and digital digital area….
The Congress alleged on Thursday, 6 March, that the brand new income-tax regulation helps tax officers have entry to the e-mail, social media and financial institution accounts of all assessees, which can result in India turning into a surveillance state. Congress spokesperson and head of the get together’s social media division Supriya Shrinate mentioned this…
New Delhi: Finance Minister Nirmala Sitharaman on 13 February 2025 tabled the Revenue-Tax Invoice 2025 in Parliament. The brand new Revenue-Tax Invoice changing the Revenue-tax Act, 1961 marks a big step towards simplifying the language and construction of the Revenue-tax Act. A major facet of the Invoice is the elimination of the ideas of “earlier…
The upcoming Earnings Tax Invoice has left the standards for tax residency unchanged. Forward of the Invoice being tabled, reviews steered NRIs, notably these incomes Rs 15 lakh or extra in India whereas not paying taxes elsewhere, could be labeled as ‘residents’ as an alternative of Resident however Not Ordinarily Resident (RNOR). Below the proposed…
&w=600&resize=600,400&ssl=1 "Amid uproar over Waqf report, Sitharaman tables new Earnings Tax Invoice in Parliament")
The brand new Earnings Tax Invoice is meant to simplify the direct taxation regime in India and substitute the Earnings Tax Act of 1961 learn extra Union Finance Minister Nirmala Sitharaman on Thursday tabled the brand new Earnings Tax Invoice within the parliament. The brand new Earnings Tax invoice is supposed to simplify the direct…
&w=600&resize=600,400&ssl=1 "Have crypto earnings? New Earnings Tax Invoice will see it as ‘undisclosed revenue’ throughout searches")
The brand new Earnings Tax Invoice, set to be tabled on February 13, categorises digital digital property, generally referred to as cryptocurrencies, as ‘undisclosed revenue’ throughout searches, alongside present classes like gold and bullion, in response to a report learn extra The brand new Earnings Tax Invoice, set to be tabled on February 13, categorises…
PTI cites AMRG & Associates senior accomplice Rajat Mohan as saying, “A key departure from the Revenue-Tax Act, 1961, is that beforehand, the earnings tax division needed to strategy Parliament for numerous procedural issues, tax schemes and compliance frameworks. Now, CBDT has been empowered to introduce such schemes independently, considerably decreasing bureaucratic delays and making…
New Delhi: The brand new Earnings Tax Invoice is ready to be tabled within the Parliament right this moment after receiving approval from the Union Cupboard on February 7. Aiming to place extra money within the palms of the center class, the brand new Earnings Tax Invoice will simplify the entire submitting course of. Earlier than…
NEW DELHI: Finance minister Nirmala Sitharaman is more likely to introduce the brand new revenue tax invoice in Parliament on Tuesday, with the laws more likely to be referred to a standing committee for examination.“I hope to have it launched in Lok Sabha within the coming week. The method is the committee offers its advice,…
