The new Act removes redundant provisions and archaic language and cuts the number of Sections from 819 in the Income Tax Act, 1961, to 536 and the number of chapters from 47 to 23.
Coffee growers fear yield drop in 2025-26
To also visit China on Aug 31-Sep 1 to attend SCO Summit
The government has officially notified the Income-tax Act, 2025, which consolidates and amends the existing income tax law, replacing the over six-decade-old Income Tax Act, 1961. The Act received the President’s assent on August 21, according to a gazette notification issued by the Ministry of Law and Justice.
While the labour market appears to be in balance, it is a curious kind of balance that results from a marked slowing in both the supply of and demand for workers, says Federal Reserve Chair Jerome Powell
The Promotion and Regulation of Online Gaming Bill, 2025 was passed by the Rajya Sabha on August 21, just a day after clearing the Lok Sabha. Introduced by Union IT Minister Ashwini Vaishnaw, the bill bans all real-money online games, calling them harmful for middle-class youth.
Basmati exporters in Punjab seek permanent solution to pesticide issue amid confusion over HC order
Regulator stresses transparency, vigilance and data security as industry expands
The inflation target can be changed from 4 per cent to 4.5-5 per cent, they say
New product aimed at aspiring homeowners in the lower to mid income segment
Simply put, an emergency fund is money you set aside to cover unexpected expenses or financial shocks. This could be anything from a car repair or urgent medical bill to losing your job or having to move suddenly.
The development will feature over 1 million square feet of Grade A office space and a 225-key 5-star deluxe hotel
The sale proceeds will be utilised to pare down outstanding debt of the promoter group
Get over your FOMO of knowing what's happening. Never miss what matters to you!