New Tax Bill 2025: Small Taxpayers Still Must File for Refunds

New Tax Bill 2025: Small Taxpayers Still Must File for Refunds

New Income Tax Bill 2025: What Small Taxpayers Need to Know A new tax bill, passed by the Lok Sabha, has clarified some rules for taxpayers, but a key change many hoped for hasn’t been included. Here’s a breakdown of the two major points: 1. Small Taxpayers Must Still File to Get a Refund Despite … Read more

Revised Income Tax Bill 2025: Key Changes to House Property Income Rules

Revised Income Tax Bill 2025: Key Changes to House Property Income Rules

Revised Tax Bill 2025: Key Changes to House Property Income Rules The revised Income Tax Bill, 2025, has introduced important clarifications for “Income from House Property” that will affect homeowners, particularly those with rental properties. Clause 22 of the new bill resolves two long-standing ambiguities, ensuring the new tax law aligns with existing practices. 1. … Read more