New Delhi, March 20 (IANS) Finance Minister Nirmala Sitharaman on Friday said the new Income-tax Act, 2025 will bring major relief for small business owners and professionals by simplifying rules and reducing compliance burden, while also aiming to cut down tax-related disputes.Speaking at the launch of the nationwide awareness campaign ‘PRARAMBH 2026’, FM Sitharaman highlighted that small businesses and professionals are the backbone of India’s economy and the new law has been designed ke…
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Mumbai, Feb 9 (IANS) The Income Tax Department’s draft Income‑tax Rules proposed a comprehensive renumbering of tax forms that would improve reporting ease and enhance compliance for taxpayers, professionals and institutions as the Income‑tax Act, 2025 is set to come into force on April 1.The draft rules, released with new form templates, replace legacy form numbers that evolved over decades and will reduce ambiguity and duplication in filings for taxpayers, experts said.It will better int…
New Delhi, Jan 18 (IANS) Artificial Intelligence (AI) is being adopted at workplaces much faster than companies are training their employees, with many professionals expecting major changes in their job roles in the coming years, according to a new report.The study, conducted by Genius HRTech in association with Digipoll, found that 71 per cent of professionals believe their roles and responsibilities will change significantly over the next two to three years as AI tools and new workflows become…
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