The new Income Tax Bill received clearance from Union Cabinet last week. Soon, the FM will likely table the same in the ...

Speaking at the CNBC-TV18 Budget Verdict Townhall event, CBDT Chief Ravi Agarwal highlighted the steps taken to ease tax ...

The new income tax bill, which will replace the six decade old Income Tax act, 1961, has been drafted within six months and efforts have been made to simplify the language to make tax compliance ...

The New Income Tax Bill, cleared by the Union Cabinet on 7 February 2025, is expected to be tabled in Parliament this week.

The CBDT, vide its Instruction No. 1/2004 ... 10 lakhs outstanding against him which have not been stayed by any authority. Q. Why get an Income Tax Clearance Certificate (ITCC)? A. Any person not ...

Additionally, the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) reported progress in developing its e-filing module, with implementation pending security clearance. The Supreme Court ...

The Central Board of Direct Taxes (CBDT) is the administrative body, under the Union finance ministry, for the I-T Department. The Budget announcement of zero tax for earnings upto ₹12 lakh per ...

New Delhi, Feb 3 (PTI) Central Board of Direct Taxes (CBDT) Chief Ravi Agrawal on Monday asked industry players to give their suggestions on the new income tax bill, which will be tabled in ...

Edited excerpts: Are you confident of meeting the target of personal income tax revenue collection growth outpacing nominal GDP growth in FY26 in spite of the massive tax relief offered?

The new income tax bill, which will replace the six decade old Income Tax act, 1961, has been drafted within six months and efforts have been made to simplify the language to make tax compliance ...