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

The simplified Income Tax Bill, which is half the size of the 1961 Income Tax Act, seeks to achieve tax certainty by ...

Finance Minister Nirmala Sitharaman may introduce the New Income Tax Bill 2025 in the Lok Sabha on Thursday, February 13, ...

Summary: The New Income-Tax Bill, 2025, a 622-page document with 536 sections, 23 chapters, and 16 schedules, is set to replace the Income Tax Act of 1961, which spanned 880 pages. Introduced in ...

The new Income Tax Bill (ITB), presented in Parliament, aims to replace the 65-year-old Income Tax Act of 1961 (ITA) and will ...

Budget 2025-2026 also announced at tax rebate for those earning up to Rs 12 lakh annually. The Bill removes exemptions and ...

The simplified Income Tax Bill, which is half the size of the 1961 Income Tax Act, seeks to achieve tax certainty by minimising the scope of litigation and fresh interpretation, the Income Tax ...

The new income tax bill will carry forward the same spirit of Nyaya (Hindi word for justice) which was carried in Bharatiya ...

The new Income-Tax Bill 2025, introduced by India’s Finance Minister, seeks to replace the 1961 Act, providing clearer tax ...