Tag: Act
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No new taxes will startle oil companies once Oilfield Regulation Act amended, promises Oil Minister
In a bid to address long pending industry concerns, especially those linked to oil field exploration, the government is likely to introduce amendments to...
New Income Tax Bill, half the size of 1961 I-T Act, built on core ‘SIMPLE’ principles: What are they?
New Income Tax Bill 2025: The simplified Income Tax Bill, half the size of the 1961 Income Tax Act, seeks to achieve tax certainty...
Safari Retreat matter: Govt proposes amendment in CGST Act, overrides SC verdict
The Finance Bill has proposed amendments in Central Goods & Services Act (CGST) to overturn Supreme Court’s ruling in Safari Retreats case where the...
Budget 2025: Will FM Sitharaman announce a new Income Tax Act soon? Experts expect easier ITR filing rules, TDS tweaks
During the Budget 2024 speech, Union Finance Minister Nirmala Sitharaman announced that the income tax law will undergo a comprehensive review.The finance minister asserted...
