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August 11, 2025, 05:16 PM - 3 min read
Lok Sabha on Monday passes the revised Income Tax Bill, adopting 566 panel recommendations, without debate amid opposition protests over Bihar’s electoral roll revision.
Read moreAugust 11, 2025, 04:34 PM - 3 min read
The Government of India has reintroduced a reworked Income Tax Bill in the Lok Sabha, incorporating the panel’s 566 suggestions to simplify rules, clarify provisions, and reduce tax-related disputes
Read moreAugust 11, 2025, 10:39 AM - 3 min read
Union Finance Minister Nirmala Sitharaman is set to introduce the revised Income Tax Bill 2025 in the Lok Sabha today.
Read moreMarch 27, 2025, 01:32 PM - 5 min read
The new Income Tax Bill, 2025, grants sweeping powers to tax authorities, including access to encrypted communications and digital assets. While aimed at simplifying taxation, concerns over privacy and overreach persist. Experts argue judicial oversight is essential to prevent misuse and ensure transparency in tax enforcement.
Read moreMarch 6, 2025, 04:25 PM - 1 min read
Chartered accountants' apex body ICAI on Thursday submitted its suggestions to the Lok Sabha Select Committee examining the new Income Tax Bill, including seeking lesser number of sections and simplifying the language in the proposed legislation.
Read moreFebruary 16, 2025, 02:21 PM - 2 min read
BJP MP Baijayant Panda has been appointed to lead a 31-member Select Committee tasked with reviewing the newly introduced Income Tax Bill.
Read moreFebruary 13, 2025, 03:33 PM - 4 min read
Finance Minister Nirmala Sitharaman on Thursday introduced the New Income Tax Bill, 2025, in the Lok Sabha, seeking to replace the Income Tax Act, 1961. The bill aims to modernise tax laws, redefine terms, introduce clarity on deductions, and bring digital assets such as cryptocurrency under a structured tax regime.
Read moreFebruary 12, 2025, 05:06 PM - 3 min read
The Indian government is set to introduce the new Income Tax Bill, 2025, which aims to replace the existing Income Tax Act, 1961.
Read moreFebruary 10, 2025, 03:46 PM - 2 min read
Finance Minister Nirmala Sitharaman has assured that strict action will be taken if banks and Non-Banking Financial Companies (NBFCs) violate the well-defined processes for auctioning gold when borrowers fail to repay their loans.
Read moreFebruary 8, 2025, 04:37 PM - 4 min read
Finance Minister Nirmala Sitharaman has announced that the government is expected to introduce the new income tax bill in the Lok Sabha next week.
Read moreFebruary 7, 2025, 08:51 PM - 2 min read
The new bill will be a significant improvement for taxpayers. It promises to offer a more efficient and user-friendly approach to filing taxes, minimising the need for lengthy litigation.
Read moreFebruary 6, 2025, 06:58 PM - 4 min read
The much-anticipated Income Tax Bill is on the verge of receiving approval from the Union Cabinet, with the government aiming to introduce it in the Lok Sabha as early as next week.
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