Once passed, the Bill will replace the 64-year-old Income Tax Act. The new Bill spans 2.6 lakh words and consists of 536 sections, with the number of chapters reduced to 23. The government has ...

The Income-Tax Bill 2025 was introduced in Lok Sabha on 13 February to replace the existing Act. This bill does not propose radical changes like the Draft Direct Taxes Code Bill of 2009 ...

Australian gold miner St Barbara has rejected a tax assessment issued by Papua New Guinea’s Internal Revenue Commission (IRC), which demands about A$175-million in additional taxes and penalties.

set to replace the Income Tax Act 1961. The new bill aims to simplify tax provisions with clearer language, reducing its length and eliminating redundant sections while consolidating related ...

Australian gold miner St Barbara (ASX: SBM) is challenging an assessment by Papua New Guinea’s Internal Revenue ... the IRC in its assessment of revised tax returns for Simberi from 2017 to ...

The existing Income Tax Act of 1961 has been amended numerous times, “overburdening” the law and making its language complex, argues the new IT Bill. This, it says, has increased compliance ...

Legendary investor Warren Buffett characterized tariffs as “an act of war” that functions as a consumer tax, as markets grapple with President Donald Trump‘s recent implementation of 25% ...

A federal judge ruled Monday that the US Department of Government Efficiency is likely covered by the Freedom of Information Act, a federal transparency law that allows outsiders to obtain ...

Actor Shah Rukh Khan has secured a big victory in a dispute with the Income Tax authorities, with the Income Tax Appellate Tribunal or ITAT delivering a verdict in his favour. The dispute was ...

“Tariffs are actually — we’ve had a lot of experience with them — they’re an act of war ... investor said tariffs over time serve as a tax on goods and could raise prices for consumers.

The total amount you owe a federal, state, or local taxing authority for the year will depend on your tax-filing status and earnings. It's known as your tax liability. What is tax liability?

One in every four pounds paid in income tax will go towards sickness benefits by the end of the decade, analysts have warned. Policy Exchange, a think tank, said Britain’s sickness benefits bill ...