Taxpayers can now easily compare sections of the Income Tax Act, 1961, with corresponding clauses in the new Income Tax Bill, ...

To start the registration process applicants must request a personal identification number (PIN) by emailing oit_register@irb ...

New Income Tax Bill, 2025 simplifies tax laws, reduces word count, introduces 'tax year', and enhances readability for ...

The new Income Tax Return (ITR) filing portal 2.0 which was launched on June 7, 2021, is a simpler and user friendly than ITR portal 1.0 but like any new technology, this 2.0 portal is also ...

The V.I. Bureau of Internal Revenue Director Joel Lee has announced a new online income tax filing portal called “VI Quick File” is now available. “The portal will allow taxpayers to upload ...

You can log in to the income tax e-portal and give your suggestions along four different criteria. These are simplification of language, reducing litigation, obsolete provision and reducing compliance ...

Anyone earning Rs 2.5 lakh or more in India must file an ITR. This rule applies to everyone, not just high-income earners. Missing the deadline can get pricey. Late filers face penalties up to Rs ...

In an email, department officials said the transition to a new business portal known as MyTaxes "will indirectly affect individual income tax filers." The switchover to the new system is expected ...

Summary: The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman, focused on reforms in taxation, agriculture, MSMEs, and exports. Direct tax proposals included no tax on incomes up to ...