India’s tax laws set for a revamp: What is the new Income Tax Bill? How will it affect you?
Finance Minister Nirmala Sitharaman is set to introduce a new Income Tax Bill aimed at simplifying the six-decade-old tax system in the coming week. The bill promises to reduce litigation, streamline compliance,
New income tax Bill to be introduced in Parliament next week, says Nirmala Sitharaman
The proposed new income tax law follows from the earlier Budget announcement for 2024-25. In July 2024, Sitharaman had announced a comprehensive review of the Income-tax Act, 1961 to be completed in six months.
What is new Income Tax Bill, how is it different from tax cuts in Budget 2025?
With state governments handing out freebies to the poor leading to despondency in the middle-class, it was assumed that Finance Minister Nirmala Sitharaman would have no option but to make a big move to change the mood of the middle-class.
Budget 2025: New Income Tax Bill will simplify compliance for taxpayers
itharaman emphasized that the new code would not only simplify the complex provisions of the current tax laws but also enhance taxpayer convenience
Union Budget 2025: New income tax bill to be half the current one and simpler, says Sitharaman
The new income tax bill - a direct tax code meant to simplify compliance for individual taxpayers - will be introduced next week, said Sitharaman as she presented the Union Budget 2025
What FM Sitharaman said about new income tax bill to be introduced next week
Presenting the Union Budget 2025-26 in Parliament on Saturday (February 1), Finance Minister Nirmala Sitharaman announced that the government will present a new income tax bill next week. FM Sitharaman highlighted the tax department's "trust first, scrutinise later" approach, reaffirming the government's commitment to simplifying compliance.
Anticipation is the theme of these 8 memes ahead of New Income Tax Bill next week
The New Income Tax Bill, Nirmala Sitharaman said, would reflect the government’s decade-long efforts focused on enhancing taxpayer convenience.
India cuts income tax in a bid to boost consumption
India cut personal income tax rates for some individuals in a bid to boost consumption across Asia's third-largest economy, which is projected to grow at its slowest pace in four years. Currently, under the new system introduced in 2020,
India’s 2025-26 Budget focuses on job creation; new income tax bill next week
Dubai: India is hoping to rev up higher growth and job creation with a budget that focuses on offering easier – and more - access to funds for small and mid-sized businesses as well as startups. These will ‘generate employment for youth’ as MSMEs get better access to credit,
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The 63-year-old Income Tax Act is about to end, know how different the new bill will be from the old one
The new Income Tax Bill will be made keeping in mind India's changing economy, the digital age and the needs of the taxpayers ...
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How new Income Tax bill makes life easier for taxpayers
The new Income Tax Bill introduced on February 6, aimi to replace the outdated 1961 law with a simplified system tailored for ...
Give suggestions on new income tax bill: CBDT chief to industry
New Delhi, Feb 3 (PTI) Central Board of Direct Taxes (CBDT) Chief Ravi Agrawal on Monday asked industry players to give their ...
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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, ...
Give suggestions on new income tax bill: CBDT Chief Ravi Agrawal to industry
Chief Ravi Agrawal said that the new bill has been drafted in such a way that it meets international standards.
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Income Tax Slabs 2025 LIVE Updates: India Inc welcomes the new income tax bill, relaxation in TCS, TDS regulations
Finance Minister Nirmala Sitharaman has announced that under the new income tax regime, nil tax slab has been raised from ₹7 ...