Focus on simplification & lower compliance burden

The new Income Tax Bill, 2025 aims to simplify language, reduce litigation, and lower compliance burdens. It introduces clearer tax year definitions, removes outdated sections, and allows for lower withholding tax certificates under all TDS/TCS provisions, while also simplifying tax provisions for non-resident shipping and airline companies.

New Income Tax Bill 2025: Six aspects to take note - is it a zero-sum game?

times of india - 14/Feb 09:19

The New Income Tax Bill 2025 aims to simplify tax laws in India, focusing on simplifying language, reducing litigation and compliance, and removing...

I-T Bill seeks to simplify tax laws, but no major overhaul

times of india - 12/Feb 21:26

Finance Minister Nirmala Sitharaman is set to introduce a new 622-page Income Tax Bill in simpler language, replacing the 64-year-old law. The bill...

New Income Tax Bill 2025 explained: Top 30 FAQs every taxpayer should check

times of india - 15/Feb 04:24

New Income Tax Bill 2025: Finance Minister Nirmala Sitharaman introduced the New Income Tax Bill 2025 in Lok Sabha, set to replace the Income Tax Act...

New Income Tax Bill 2025 explained: Top 10 takeaways

times of india - 14/Feb 05:43

New Income Tax Bill 2025 explained: The proposed Income Tax Bill, 2025 aims to simplify the tax system with a reduction in sections and word count,...

Cabinet Clears Income Tax Bill, Will Be Introduced In Parliament On This Day!

popdiaries.com - 08/Feb 13:08

Cabinet Clears Income Tax Bill The new income tax bill received approval from the Union Cabinet on Friday as sources informed PTI. Next week the...

I-T Bill 2025 referred to Parliament's select committee

times of india - 14/Feb 02:26

A parliamentary committee will review the new Income Tax bill introduced by Finance Minister Nirmala Sitharaman. This bill aims to simplify the...

New Income Tax Bill cleared by Cabinet: What is it?

times of india - 07/Feb 15:50

New Income Tax Bill: The Union Cabinet has approved the New Income Tax Bill, which aims to replace the 1961 Act by simplifying direct tax legislation....

New Income Tax Bill: What taxpayers want from Modi government’s latest Income Tax Act - KPMG survey reveals

times of india - 11/Feb 07:04

New Income Tax Bill: In July 2024, the government announced a review of the Income-tax Act, 1961, aiming to simplify it for taxpayers. A KPMG survey...

New Income Tax Bill 2025: What are expected changes and how will they affect you?

hindustantimes.com - 12/Feb 09:31

The government is expected to introduce the Income Tax Bill 2025 on February 13, aiming to simplify tax laws and enhance compliance.

ETA expands digital services to enhance taxpayer support

dailynewsegypt.com - 10/Feb 18:59

Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), reaffirmed the authority’s commitment to enhancing electronic tax services, aiming to...

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