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

A parliamentary committee will review the new Income Tax bill introduced by Finance Minister Nirmala Sitharaman. This bill aims to simplify the existing tax code by reducing the number of sections and word count significantly, and removing obsolete provisions, while establishing clear administrative frameworks and roles.

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: 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...

Will New Income Tax Bill 2025 Change The Existing Income Tax Slabs? It Will Come Into Force From...

zeenews.india.com - 13/Feb 15:11

Finance Minister Nirmala Sitharaman on Wednesday (13 February 2025) tabled the much talked about New Income Tax Bill 2025 in Lok Sabha. The Bill...

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 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,...

What is New Income Tax Bill? Top points

times of india - 11/Feb 06:06

New Income Tax Bill LIVE: Finance Minister Nirmala Sitharaman is set to table the New Income Tax Bill, which aims to replace the 1961 Income Tax Act....

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...

Focus on simplification & lower compliance burden

times of india - 14/Feb 02:29

The new Income Tax Bill, 2025 aims to simplify language, reduce litigation, and lower compliance burdens. It introduces clearer tax year definitions,...

Why New Income-Tax Bill 2025 Is Much-Needed Reform, Reducing Word Count From 5 Lakh To 2.5 Lakh; Check Key Features

zeenews.india.com - 12/Feb 18:12

New Income-Tax Bill 2025: To ensure greater clarity, the bill also includes tables, examples, and formulas to explain tax provisions to make it easier...

Hope to introduce new income tax bill in Lok Sabha next week: Sitharaman

hindustantimes.com - 08/Feb 10:38

After introduction in the Upper House, the bill will be sent to a parliamentary standing committee for scrutiny.

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