New Income Tax bill explained

India's new income tax bill proposes broad access to taxpayers' devices, social media accounts
India's new income tax bill proposes sweeping powers for authorities to access taxpayers' emails, trading and social media accounts during searches, activities which are not covered in the current tax law.
PAN and Aadhaar: What will be the effect of the new income tax bill on your PAN and Aadhaar, know full details here..
The new Income Tax Bill has been introduced in the Lok Sabha. Finance Minister Nirmala Sitharaman has introduced it. Through this bill, there will be many big and important changes related to income tax.
India makes tax filing easier with new Income Tax Bill 2025
Dubai: After raising the no income tax limit for residents to Rs1.2 million, India has now brought out an updated Income Tax Bill – and made the whole process of tax filings much simpler. “The Rs1.2 million tax-free income is a big deal indeed compared to the earlier Rs300,
India to present new bill in Parliament to replace decades-old income tax law
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.
‘This marks a transition…’: Experts on Income Tax Bill 2025
Several experts have supported the government efforts put into the Income Tax Bill 2025, but some expressed apprehensions.
New Income Tax Bill 2025: 'Layman's Tax Code' - Expert Decodes
Finance Minister Nirmala Sitharaman , in her Union Budget 2025 speech, announced a historic move—the introduction of a new Income Tax Bill to replace the six-decade-old Income Tax Act of 1961.Today, the bill has been officially tabled in Parliament,
Income Tax Bill news: ‘India's Direct Taxation System will be overhauled to make it compliance-friendly,’ says BJP MP
BJP MP Tejasvi Surya praised the new Income Tax Bill, stating it will modernize and simplify India's Direct Taxation System, making compliance easier for taxpayers. The bill aims to reduce litigation ...
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Decriminalization of Minor Direct Tax Offenses in India
The Government of India has taken steps to decriminalize minor offenses in direct tax matters, particularly benefiting small and medium businesses. The Finance Act, 2023, introduced a sunset clause in ...
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New Income Tax Bill: What YOU Must KNOW
Implications for capital gains, wealth taxes, and investment strategies require careful consideration, notes Anil Rego, ...
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Fiscal Fortitude: India's Journey Despite Moody's Hesitation
Finance Minister Nirmala Sitharaman highlighted India's adherence to fiscal targets despite global challenges. Despite India's prudent fiscal management, Moody's did not upgrade its rating. Sitharaman ...
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India’s Tax Arrears Reach ₹42.64 Lakh Crore
India’s total tax arrears amount to ₹42.64 lakh crore, with ₹41.63 lakh crore in direct tax arrears and ₹1.01 lakh crore in indirect tax arrears. To recover these dues, the Central Board of Direct ...
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Lexlegis.ai Showcases Revolutionary Legal and Tax AI Technology at Landmark Events
Lexlegis.ai, a pioneering player in the Legal AI space, continues to build on its commitment to better serve legal and tax ...
NAM India launches Nifty 50 BeES targeting Japanese investors from Gift City
NAM India and Nissay Asset Management collaborate to offer Japanese investors access to Indian capital market through ...