A crispier and simplified Income Tax Bill 2025, having 536 sections, and 23 chapters running into 622 pages, is likely to be introduced in the Lok...
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The Bill once enacted will replace six-decade old Income Tax Act 1961, which over the years became bulkier and complex with amendments.
A crispier and simplified Income Tax Bill 2025, having 536 sections, and 23 chapters running into 622 pages, is likely to be introduced in the Lok...
The revised tax framework is expected to come into force from April 1, 2026.
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 LIVE: Finance Minister Nirmala Sitharaman is set to table the New Income Tax Bill, which aims to replace the 1961 Income Tax Act....
The new Income Tax Bill 2025, which is likely to be tabled in the Parliament on February 13, aims to simplify the terminology used in tax laws in...
FM Sitharaman had first announced a comprehensive review of the Income-tax Act, 1961 in July 2024 Budget.
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....
Before the Income Tax Bill was cleared by the Cabinet, people in the know said that the legislation would likely provide directions to widen the tax...
New Income Tax Bill 2025: Finance Minister Nirmala Sitharaman presented the New Income Tax Bill 2025 in Lok Sabha, aiming to replace the 64-year-old...
The Centre has shared a list of reasons why the new Income Tax Bill has been tabled in the Parliament.