The new Income Tax Bill, 2025 provides for a specific section which outlines the rules for determining profits and gains from construction contracts and service contracts for the purpose of computation of tax. In the I-T Act, 1961, the ‘Income Computation & Disclosure Standards’ (ICDS) were introduced as a separate section, distinct from the provisions
In India’s rapidly-expanding urban landscapes, a noticeable shift is underway—the gradual disappearance of traditional four-side open residences. Once common in cities like Mumbai, New Delhi and Bangalore, these homes, celebrated for their unrestricted access to sunlight and fresh air, are increasingly being replaced by high-rise apartment complexes and compact housing units. This trend, driven by
Domestic investors continued to invest into the equity-oriented mutual funds in the month of January, taking correction in the market as an opportunity to build their exposure further. This logged the 47th consecutive month of net inflows into the segment. “In January, investors pumped in Rs 39,688.78 crore into equity-oriented mutual funds. Though this was
The new Income Tax Bill 2025, set to be tabled in Parliament on Thursday, marks a historic moment in India’s tax landscape, as it will replace the current year legislation introduced way back in 1961. The bill, once passed, will come into effect from April 1, 2026. “Aimed at overhauling the nation’s tax system, the
The New Income Tax Bill — to be called the Income-Tax Act, 2025, once passed – is set to be presented in Parliament on February 13, and aims to replace the six-decade-old Income Tax Act of 1961. It will extend to the whole of India and shall come into force on the 1st April, 2026.
Go to Live UpdatesIncome Tax Bill LIVE updates: The government has made the new Income Tax Bill public before it is set to be tabled in the Parliament on 13 February, 2025. The new spans over 622 pages and will be replacing the six-decade-old Income Tax Act 1961. The Bill includes 23 chapters, 16 schedules
The government has published a copy of the much-anticipated Income-Tax Bill, 2025. It is expected to be tabled in the Parliament on February 13. The bill aims to simplify tax laws and modernise compliance structures. It new bill lists out 23 chapters, 16 schedules, and 536 clauses covering a wide range of tax provisions. One of
The Income Tax Department has introduced an easy-to-use tax calculator on its official website to assist taxpayers in assessing their potential savings under the revised New Tax Regime for the fiscal years 2024-25 and 2025-26, following the Budget 2025 proposals. This tool allows individuals to compare their tax liability under both the old and new
Home-grown FMCG major Marico expects to deliver a double-digit revenue growth in FY25 helped by sequential improvement with price hike and better volume, its MD & CEO Saugata Gupta said. However, he also mentioned that as far as profitability is concerned there is inflationary pressure on the material inputs in the second half of FY25
Bacardi, known for its flagship rum of the same name, Grey Goose vodka and Bombay Sapphire gin among other labels, has stepped up its investment in India amid a premiumisation wave in alcoholic beverages. India has been identified as Bacardi’s top-five growth markets, Vinay Golikeri, managing director, Bacardi India and neighbouring countries, told FE. ALSO
Markets regulator Sebi is looking to expand the definition of qualified institutional buyers (QIB) and remove the 200-investor cap, allowing angel funds to access a broader pool of accredited investors. This move will enable more wealthy investors to participate, boosting funding for startups. It ensures that only financially strong investors take on high-risk investments, helping
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
