The Central Board of Direct Taxes (CBDT) has released a new version of the ITR-5 form for Assessment Year 2025–26, applicable to partnership firms, LLPs, and Associations of Persons (AOPs). Notified through
Finance Minister Nirmala Sitharaman introduced the much-anticipated Income Tax Bill, 2025, in the Lok Sabha, aiming to simplify and modernize India’s taxation framework. The bill seeks to replace the Income Tax Act
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