The new Income Tax Bill, 2025 has streamlined and simplified provisions related to the taxability of non-profit organisation (NPO), which is expected to help the NPOs to comply with tax laws in an easier and seamless manner, say experts. I-T Bill tabled; “substantial changes,” says Finance Minister According to FAQs issued by the Central Board
The “demeed residency” clause remains unchanged from the current law in the Income Bill 2025, and the non-resident Indians (NRIs) will continue to be taxed on the income they earn in India, tax experts said. There is no change as such in the meaning of resident or non-resident as per Section 6 of the new
Finance Minister Nirmala Sitharaman on Thursday tabled the Income Tax Bill 2025 in the Lok Sabha, a crispier version of the six-decades-old current principal law, with “substantial changes” aimed at simplifying the provisions. The draft law will be referred to a select committee, whose composition the speaker will decide. The panel would review the Bill
The Income-tax Bill, 2025 has been tabled in Parliament, marking a significant step toward simplifying the language and structure of the Income-tax Act, 1961. No major tax policy changes and no modifications of tax rates have been made in the Income-tax Bill, 2025. Overall, there will be 23 chapters instead of 47, and there will
Mid- and small-cap funds have been in the spotlight recently, with some industry experts advising caution while certain fund managers argue they remain a good investment if approached strategically. Some industry experts, however, refuse to accept that there is any controversy surrounding mid and small-cap SIPs. They say what the fund manager clearly mentioned was
Finance Minister Nirmala Sitharaman is likely to present the new Income Tax Bill in Parliament today. The objective of the new Bill is to eliminate redundant provisions and simplify the language of the Tax Law to make the Act more succinct and easier to comprehend. Interestingly, a copy of the new Income Tax Bill has
Go to Live UpdatesSitharaman to table new Income tax Bill in Parliament LIVE: According to the agenda that the Lok Sabha secretariat circulated on Wednesday, Finance Minister Nirmala Sitharaman will finally table the new Income Tax Bill in the Parliament today. The first draft of the 622-page Bill drew significant attention on Wednesday when it
The steep fall in the equity indices has not deterred mutual fund investors, as they have continued to invest through systematic investments plans (SIPs) in January. Even mid- and small-cap funds have seen record inflows, according to the latest data released by the Association of Mutual Funds in India (Amfi). Interestingly, there has been a
In the evolving landscape of urban living, factors like rent affordability, food costs, commuting ease, and air quality significantly influence how we experience city life. As India continues to urbanize, millions of people are choosing between cities for job opportunities, lifestyle, and overall quality of life. But what makes a city truly livable? Here, real
India’s villa market is witnessing unprecedented growth, driven by rising affluence, evolving lifestyle preferences, and increasing investments from both domestic and NRI buyers. With the post-pandemic shift towards spacious living and premium amenities, luxury villas are becoming a preferred choice for high-net-worth individuals. Additionally, rapid urbanization and strong economic performance have fueled demand, leading developers
The Adani Group has released its Tax Transparency Reports for the financial year 2023-24, highlighting a substantial increase in its contributions to the exchequer. The group’s total global tax and other financial contributions amounted to Rs 58,104.4 crore, marking a sharp rise from Rs 46,610.2 crore in the previous fiscal year. ALSO READUS SEC seeks
With banks and financial institutions offering higher interest rates on fixed deposits for senior citizens compared to regular FDs, this investment avenue has now become even more attractive for elderly investors and those looking for secured and steady income. However, before parking funds in senior citizen fixed deposits, it is crucial to evaluate several factors.
The primary market continues to be abuzz with activity. This week, two companies from the SME segment – Nukleus Office Solutions and Shreenath Paper Products will launch their public offerings. Adding to the action, shares of five companies are set to be listed on the stock exchanges this week. Among them, Quality Power Electrical IPO
