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Govt likely to introduce new income tax bill in Budget session: Report

The government plans to introduce a new income tax bill in the upcoming Budget session, simplifying the existing law by reducing its length by 60%

The administration is anticipated to present a new income tax bill in the next budget session of Parliament that aims to streamline the current I-T legislation, make it easier to understand, and cut its page count by around 60%.(PTI)
Published on Jan 18, 2025 01:51 PM IST
PTI |

ITR Filing Deadline: What's the last date to file revised or belated ITR?

ITR Filing Deadline, January 15, 2025: Failure can lead to a loss of opportunity to file or revise your return for AY 2024-25 and additional penalties.

ITR Filing Deadline: The original deadline to file the income tax returns was July 31, 2024.(HT File)
Published on Jan 15, 2025 03:13 PM IST

Union Budget: 25 key terms you must know before Nirmala Sitharaman's speech

The Union Budget 2025, the second full one of Modi 3.0, will be presented by finance minister Nirmala Sitharaman on February 1.

Budget 2025: Union Finance Minister Nirmala Sitharaman chairs a meeting on Pre-Budget Consultation with states and union territories (with legislature) for the forthcoming Union Budget 2025-26, in Jaisalmer(PTI)
Published on Jan 15, 2025 07:48 AM IST

MP: IT officials find crocodiles during raid on former BJP MLA's house

Officials have detected tax evasion of ₹155 crore and seized ₹3 crore in cash. Several valuables, including gold and silver jewellery, have also been seized

During their raid on Friday, officials spotted crocodiles at a pond inside a house and alerted the forest department officials. (Representative image)(HT File)
Published on Jan 11, 2025 08:09 AM IST

Govt may simplify income tax filing rules in Budget 2025: Report

The changes involve simplifying the language and rationalizing information by using formulas and tables, and no adjustments to tax rates and policy

Tax disputes have more than doubled to 10.5 trillion rupees ($123 billion) in the decade through the fiscal year ended March 2023.(HT Photo)
Published on Jan 08, 2025 03:41 PM IST
Bloomberg |
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