The new Income Tax Bill is expected to be passed in the Monsoon session of Parliament. Lok Sabha's select committee -- examining the Income Tax Bill 2025 – has made 285 suggestions. It is expected ...

This parliamentary committee, chaired by BJP leader Baijayant Panda, has made a total of 285 recommendations in the draft law ...

New Income Tax Bill aims to resolve disputes over NPAs, proposing alignment with RBI guidelines for clarity and consistency.

On Monday, Rep. Julie Emerson, R-Carencro, said she was already working on drafts of new constitutional amendments that would make some of the same budget and tax changes in the failed Amendment 2 ...

The amendment on taxes seeks to modify the constitution to cap the maximum income tax rate at 5%. Currently, the state constitution sets the cap at 7%, though the actual rate is lower.

This amendment removed the federal income tax deduction from the Constitution, which allows the Legislature to decide the future of the $795.5 million write-off, and lowered the highest individual ...

Iowa voters are likely to decide in the 2026 election if Iowa’s constitution has a new amendment that sets a higher threshold for future state income tax increases. The Iowa Senate has given its ...