The objective of the new Bill is to streamline the Income Tax Act, making it more succinct, understandable, and user-friendly.

The new Income Tax Bill will replace the Income Tax Act. However, not many people are able to understand how the new tax bill is different from the current Act. Here is how the new Income Tax Bill differs from the current Act and what is really new in it.

The Income-tax Bill cuts some clutter of the existing Act and introduces new illustrative tables, while maintaining continuity in most aspects. There are no major tweaks in penalty or compliance provi

The Income-tax Bill, 2025 exemplifies the Government’s resolve to enhance the ease of doing business and create a transparent, user-friendly tax framework.

Finance Minister Nirmala Sitharaman presented the New Income Tax Bill 2025 in Lok Sabha, aiming to replace the 64-year-old l

It aims to simplify the existing Income Tax Act, 1961, by making it more structured and easier to understand. If passed, the new law will come into effect from April 1, 2026.

Finance Minister Nirmala Sitharaman introduced the Income Tax Bill 2025 in the Lok Sabha on Thursday, aiming to simplify tax laws. Sitharaman initially planned to review the Income Tax Act of 1961 during the Budget Speech on July 23, 2024, to make the income tax act more understandable and user friendly.

The new bill will replace the current Income Tax Act, 1961, and will become effective from April 1, 2026, i.e., from FY 2026-27. Read our story to know the major highlights of this bill and access the PDF of the Income Tax Bill,

India will introduce a new condensed version of its income tax law in the lower house of the Parliament on Thursday, which aims to simplify the six decades old rules that have led to a slew of litigations.

The government has shared a list of frequently asked questions that taxpayers may pose after reading the Income Tax Bill 2025. Read on to know what they are.