income tax

New TDS, TCS rules 2025: Key changes impacting income taxpayers starting April 1.

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New TDS, TCS rules 2025: Key changes impacting income taxpayers starting April 1. All you need to know | Mint

The new income tax bill has changed the TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) rules several times. These changes were announced in Budget 2025 and will be effective from April 1, 2025. The bill has proposed increasing the threshold limit of tax for various provisions. TDS is applicable to various … Read more

New Income Tax Bill: Is this an old wine in a new bottle? Experts say this

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New Income Tax Bill: Is this an old wine in a new bottle? Experts say this… | Mint

Union Finance Minister Nirmala Sitharaman on Feb 13 tabled the new Income Tax Bill in the Parliament. This was a landmark move as the entire 64-year-old income tax law was overhauled and the older complex provisions were made simpler and lucid amid much fanfare. One of the key arguments given by the Finance Minister was … Read more