New Income Tax Act, effective April 2026, simplifies law by reducing sections and introducing Tax Year. It features higher tax rebates, eliminates notional rent tax on two houses, and clarifies VDA ...
Below are details of many of the tax provisions in the act commonly known as the One Big Beautiful Bill Act, which was signed into law Friday by President Donald Trump. The House approved the measure ...
The contrast with the old Income-Tax Act is stark. The 1961 law ran into 512,000 words; the 2025 one pares that down to 259,000. Chapters have been cut from 47 to 23, while sections have reduced from ...
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New Income Tax Law Set for Rollout from FY27: Government to Notify All Rules by December 2025
The government is gearing up to introduce India’s new Income Tax Law from the beginning of the financial year 2026–27.
The IRS on Thursday announced adjustments to the federal income tax brackets and standard deductions for 2026.
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