One key update is the introduction of a “tax year,” which refers to the 12-month period starting from April 1, effectively ...

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

New Income Tax Bill 2025 LIVE Updates: Union Finance Minister Nirmala Sitharaman has presented the new Income-Tax Bill 2025 ...

The new bill has also provided repeals and savings clause to ensure that rights and benefits accrued to the taxpayers under ...

The Income-tax Bill cuts some clutter of the existing Act and introduces new illustrative tables, while maintaining ...

Nirmala Sitharaman introduces the Income Tax Bill 2025 in Parliament, aiming to replace the 1961 Act with a more ...

No major tax policy changes to ensure continuity and certainty. 3. No modifications of tax rates, preserving predictability ...

New Income Tax Bill disappoints with exclusion of group taxation and TDS removal, missing opportunity for simplification and ...

Understand the major updates in India’s Income Tax Bill 2025, including tax law simplification and a shift to a unified tax ...

To streamline the law, the new bill reduces the number of pages from 823 to 622, removing redundant provisos and explanations ...

The Income Tax Act 2025 will replace the current Income Tax Act 1961. As the current income tax laws will change, many ...