The Income-Tax Bill, 2025, set to replace the six-decade-old Income Tax Act, 1961, brings significant refinements to India’s tax framework. However, unlike the Direct Taxes Code (DTC) proposals of ...

NEW DELHI, Aug 30 (Reuters) - India's government on Monday introduced a bill in parliament to overhaul its archaic direct tax laws, a key reform aimed at simplifying procedures for investors and bring ...

Direct File was launched as a pilot program in 2024. It allowed eligible taxpayers in a limited number of states to file their federal returns directly with the IRS at no cost. The program was ...