The Income Tax Act, 2025, scheduled for April 1, 2026, aims to replace the outdated tax law and streamline tax compliance for ordinary citizens. The act is revenue-neutral.
Active Income vs Passive Income Meaning, Tax Implications and Wealth Creation Strategy In personal finance and taxation, ...
The new law aims to replace the long-standing Income Tax Act, 1961, with clearer language, simpler rules, and easier compliance ...
The Income Tax Act, 2025, simplifies direct taxes, removing ambiguities and thus reducing the scope of legal actions.
Sole traders and landlords will have to start reporting their earnings digitally on a quarterly basis to HMRC from this April – here is what you need to know ...