Income Tax Act 2025
Latest news, explainers and analysis on Income Tax Act 2025. Tracking 2 stories on Arth Vani.
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Latest on Income Tax Act 2025
BreakingIncome Tax Act 2025: Key Changes to Section 5 for NRIs and Indian Residents
The proposed Income-tax Act 2025 aims to simplify the tax code while maintaining the core principles of tax residency and scope of total income. Section 5 of the new Act largely mirrors the 1961 version, defining how income is taxed based on an individual's residential status in India.
BreakingIncome Tax Act 2025: Crypto Investors Must Track Transactions, 30% Tax Stays
The Income Tax Act, 2025, largely retains the current 30% tax on crypto gains and 1% TDS on transactions for Indian investors. However, a significant change is the introduction of a new reporting framework, requiring Virtual Digital Asset (VDA) holders to maintain detailed records of all transactions and wallet activities.
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