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Searched Tag: new income tax bill
Members in the Lok Sabha passed the revised Income Tax Bill in New Delhi.

Lok Sabha passes revised Income Tax Bill without debate

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.

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Union Finance Minister Nirmala Sitharaman speaks in the Rajya Sabha during the Monsoon session of Parliament.

Government reintroduces revised Income Tax Bill in Lok Sabha

August 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

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Revised Income Tax Bill 2025 to be tabled in Lok Sabha.

FM Sitharaman to table revised Income Tax Bill 2025

August 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.

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Union Finance Minister Nirmala Sitharaman. File photo.

New IT Bill: Is it an exercise in administrative overreach?

March 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.

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I-T Bill: ICAI submits suggestions to Parliament's select committee.

I-T Bill: ICAI submits suggestions to Parliament

March 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.

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BJP MP Baijayant Panda takes charge of key review on income tax bill.

BJP MP Panda to lead 31-member committee for new 'IT Bill' review

February 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.

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Representaitive image.

New Income Tax Bill introduced; virtual assets now under tax net

February 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.

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Income Tax Bill 2025 grants more powers to CBDT for reforms.

Government to table Income Tax Bill 2025 on Feb 13

February 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.

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Banks and NBFCs must follow gold auction laws FM warns.

Action assured if banks violate gold auction norms, says FM

February 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.

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Government plans to introduce new income tax law next week.

New income tax bill to be tabled in LS: FM Sitharaman

February 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.

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Union Cabinet clears Income Tax Bill

Union Cabinet clears Income Tax Bill

February 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.

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New Income Tax Bill set for introduction in Parliament next week.

Union Cabinet poised to approve new Income Tax Bill

February 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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