According to CA Dr Suresh Surana, the Income-tax Act, 2025 (ITA 2025) aims to simplify compliance, rationalise procedures and align the tax framework with current economic realities. Several key ...

New Income Tax Act: The new Act looks to streamline provisions, reduce complexity, and introduce modern digital processes. However, the committee noted that operational readiness on the ground should ...

An individual tax return is a government form that reports all income for the previous year and any taxes due on it.

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Marguerita is a Certified Financial Planner (CFP), Chartered Retirement Planning Counselor ...