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Income Tax Bill 2025 Clarifies Virtual Digital Asset Definition, Includes NFTs: Key Details
The Income Tax Bill 2025 classifies any cryptographically generated code, number, or token representing inherent value as part of the country's VDA ecosystem.
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Budget 2025: Nirmala Sitharaman Says Will Introduce New Income Tax Bill Next Week
A new income tax bill - a direct tax code meant to simplify compliance for individual taxpayers - will be introduced next week, Finance Minister Nirmala Sitharaman said Saturday as she presented the Union Budget 2025.
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What Is Direct Tax Code And How It Is Different From Income Tax Act, 1961
A set of new tax laws called the Direct Tax Code is likely to simplify compliance for taxpayers soon.
-
Is There New, 'Simpler' Income Tax Act In Budget 2025? What Sources Said
The Direct Tax Code - a new income tax bill meant to simplify compliance for individual taxpayers - will be introduced separately, and not as part of the Union Budget to be delivered by Finance Minister Nirmala Sitharaman on Saturday morning.
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How To Apply For Pan 2.0 with QR Code Online: Check Benefits, Documents Required, and More
PAN 2.0 is a secure and upgraded financial identity system introduced by India’s Income Tax Department. This innovative card offers faster issuance, digital updates, Aadhaar integration, and QR code-based identity verification. Our guide explains the step-by-step process to apply via NSDL or UTIITSL, eligibility criteria, required documents, and ...
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Coded Diary, Broken Names: Lokayukta Probes Madhya Pradesh Liquor 'Scam'
The Madhya Pradesh Lokayukta has launched an investigation into an alleged massive liquor scam based on a confidential report from the Income Tax Department.
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Chhattisgarh Polls: Unaccounted Cash, Illicit Liquor And Valuables Worth Over Rs 38 Cr Seized Since October 9
Unaccounted cash, illicit liquor and other items worth more than Rs 38.34 crore have been seized from separate places in the state till Sunday (October 29), he said.
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Man With Codename "Chanakya", Cheats People By Promising Jobs; Arrested In Maharashtra
The Maharashtra Police has arrested a man who posed as an officer of the Research and Analysis Wing (RAW) bearing the code name "Chanakya" and duped people by promising jobs in the income tax department and armed forces, officials said.
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Will Your Income Tax Change? New Report Given To Finance Ministry
A Direct Tax Code task force constituted by the government has proposed a new taxation system that will bring about dramatic changes to the age-old Income Tax Act-1961, providing concessions to tax-payers and enhancing their spending power amid an alarming economic slump.
-
Income Tax Department Rolls Out 'Operation Dress Code,' Expects Employees To Be In Formal Wear
The Income Tax department noted that any employee failing to abide by the orders may be sent back home to change and dress as per instructions.
-
Aadhaar, Net Banking-Based IT E-Filing Appeal System Activated
Income Tax department has activated the Aadhaar and net banking-based e-filing verification system for taxpayers to file the first appeal before a tax officer, on similar lines of online ITR filing.
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Income Tax case: Jayalalithaa skips court appearance, seeks exemption
Tamil Nadu Chief Minister J Jayalalithaa today cited an amendment in the Criminal Procedure Code, or CrPC, to skip a hearing in a Chennai court in a case relating to her failure to file income tax returns for two consecutive years (1991-92 and 1992-93).
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Drive against black money in the run up to Delhi assembly poll
In the run up to Delhi assembly polls, the state Election Commission (EC) and the Income Tax (IT) department plan to undertake a drive against black money vitiating the electoral process.
-
Over Rs 33 lakh seized from biker in poll-bound Karnataka
A man carrying over Rs 33 lakh cash in a motorcycle was apprehended in Bellary for violating the code of conduct in poll-bound Karnataka, police said.
-
Direct Tax Code Bill may bring bad news for NRIs
More NRIs may fall under the tax net if the Direct Taxes Code (DTC) Bill proposal to impose a levy on their global income if they stay in India for more than 60 days in a year is approved by Parliament. As per the existing Income Tax laws, an NRI is liable to pay tax on global income if he is in India in that year for a peri...
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Income Tax Bill 2025 Clarifies Virtual Digital Asset Definition, Includes NFTs: Key Details
The Income Tax Bill 2025 classifies any cryptographically generated code, number, or token representing inherent value as part of the country's VDA ecosystem.
-
Budget 2025: Nirmala Sitharaman Says Will Introduce New Income Tax Bill Next Week
A new income tax bill - a direct tax code meant to simplify compliance for individual taxpayers - will be introduced next week, Finance Minister Nirmala Sitharaman said Saturday as she presented the Union Budget 2025.
-
What Is Direct Tax Code And How It Is Different From Income Tax Act, 1961
A set of new tax laws called the Direct Tax Code is likely to simplify compliance for taxpayers soon.
-
Is There New, 'Simpler' Income Tax Act In Budget 2025? What Sources Said
The Direct Tax Code - a new income tax bill meant to simplify compliance for individual taxpayers - will be introduced separately, and not as part of the Union Budget to be delivered by Finance Minister Nirmala Sitharaman on Saturday morning.
-
How To Apply For Pan 2.0 with QR Code Online: Check Benefits, Documents Required, and More
PAN 2.0 is a secure and upgraded financial identity system introduced by India’s Income Tax Department. This innovative card offers faster issuance, digital updates, Aadhaar integration, and QR code-based identity verification. Our guide explains the step-by-step process to apply via NSDL or UTIITSL, eligibility criteria, required documents, and ...
-
Coded Diary, Broken Names: Lokayukta Probes Madhya Pradesh Liquor 'Scam'
The Madhya Pradesh Lokayukta has launched an investigation into an alleged massive liquor scam based on a confidential report from the Income Tax Department.
-
Chhattisgarh Polls: Unaccounted Cash, Illicit Liquor And Valuables Worth Over Rs 38 Cr Seized Since October 9
Unaccounted cash, illicit liquor and other items worth more than Rs 38.34 crore have been seized from separate places in the state till Sunday (October 29), he said.
-
Man With Codename "Chanakya", Cheats People By Promising Jobs; Arrested In Maharashtra
The Maharashtra Police has arrested a man who posed as an officer of the Research and Analysis Wing (RAW) bearing the code name "Chanakya" and duped people by promising jobs in the income tax department and armed forces, officials said.
-
Will Your Income Tax Change? New Report Given To Finance Ministry
A Direct Tax Code task force constituted by the government has proposed a new taxation system that will bring about dramatic changes to the age-old Income Tax Act-1961, providing concessions to tax-payers and enhancing their spending power amid an alarming economic slump.
-
Income Tax Department Rolls Out 'Operation Dress Code,' Expects Employees To Be In Formal Wear
The Income Tax department noted that any employee failing to abide by the orders may be sent back home to change and dress as per instructions.
-
Aadhaar, Net Banking-Based IT E-Filing Appeal System Activated
Income Tax department has activated the Aadhaar and net banking-based e-filing verification system for taxpayers to file the first appeal before a tax officer, on similar lines of online ITR filing.
-
Income Tax case: Jayalalithaa skips court appearance, seeks exemption
Tamil Nadu Chief Minister J Jayalalithaa today cited an amendment in the Criminal Procedure Code, or CrPC, to skip a hearing in a Chennai court in a case relating to her failure to file income tax returns for two consecutive years (1991-92 and 1992-93).
-
Drive against black money in the run up to Delhi assembly poll
In the run up to Delhi assembly polls, the state Election Commission (EC) and the Income Tax (IT) department plan to undertake a drive against black money vitiating the electoral process.
-
Over Rs 33 lakh seized from biker in poll-bound Karnataka
A man carrying over Rs 33 lakh cash in a motorcycle was apprehended in Bellary for violating the code of conduct in poll-bound Karnataka, police said.
-
Direct Tax Code Bill may bring bad news for NRIs
More NRIs may fall under the tax net if the Direct Taxes Code (DTC) Bill proposal to impose a levy on their global income if they stay in India for more than 60 days in a year is approved by Parliament. As per the existing Income Tax laws, an NRI is liable to pay tax on global income if he is in India in that year for a peri...
