2 days ago · Finance Minister Nirmala Sitharaman presented the Income Tax Bill, 2025, in the Lok Sabha on Thursday and requested Speaker Om Birla to send it to a select committee.

1 day ago · New Income Tax Bill 2025: Finance Minister Nirmala Sitharaman has tabled the New Income Tax Bill in Lok Sabha on Thursday, comprising 536 clauses across 622 pages, with an aim to replace the ...

2 days ago · Income Tax Bill 2025 Live: A new, streamlined version of the present income tax act, 1961, i.e., the new income tax bill, has been tabled by FM Nirmala Sitharaman in Lok Sabha today, at around 2 pm. FM Sitharaman had announced this during her Budget 2025 speech on February 1, 2025. The income tax bill will be a significant step towards greatly simplifying the 800-page long, complex, and 64 ...

1 day ago · NEW Income Tax Bill: In a major development, Finance Minister Nirmala Sitharaman has tabled the much-anticipated Income Tax Bill 2025 in the Indian Parliament today. The bill, which introduces substantial changes to the existing income tax framework, aims to overhaul the current system with new provisions and adjustments. Sitharaman has also requested the Lok Sabha Speaker to nominate members ...

1 day ago · Finance minister Nirmala Sitharaman defended the income tax relief for the 2025-26 budget, highlighting its benefits for all income groups, with higher savings for lower earners. She introduced a bill to simplify the tax regime, aiming for compliance and reduced litigation, effective from April 1, 2026.

1 day ago · Finance Minister Nirmala Sitharaman introduced the Income Tax Bill 2025 in Lok Sabha, aiming to replace the 1961 Act. Set for implementation in April 2026, it seeks to simplify and consolidate tax ...

3 days ago · 14 Feb 2025, 07:32:46 AM IST New Income Tax Bill 2025: Opposition leaders allege the Centre overlooked demands of non-BJP ruled states. New Income Tax Bill 2025: Several opposition leaders on ...

5 days ago · New Income Tax Bill: The new Income Tax Bill is likely to be tabled in Parliament this week. The Bill has been cleared by the Union Cabinet on February 7, 2025. Finance Minister Nirmala Sitharaman announced in the Budget 2025 that she will table the new income tax Bill in Parliament. According to media reports, the new income tax Bill is likely to be sent to the Standing Committee on Finance ...

Feb 1, 2025 · New Income Tax Bill Budget 2025: A new income tax legislation will be introduced by the government next week in the ongoing Budget session of the Parliament, Union Finance Minister Nirmala Sitharaman said while presenting the Union Budget for 2025-26.

1 day ago · Union Finance Minister Nirmala Sitharaman on Thursday introduced the Income Tax Bill, 2025, in the Lok Sabha and urged Speaker Om Birla to constitute a select committee to examine the proposed piece of legislation. “The terms and conditions regarding the committee will also be decided by the ...

Feb 1, 2025 · A new income tax bill - a direct tax code meant to simplify compliance for individual taxpayers - will be introduced next week, Finance Minister Nirmala Sitharaman said as she presented...

2 days ago · Finance Minister Nirmala Sitharaman will table the much-anticipated new income tax bill, known as the ‘Income Tax Bill, 2025,’, in the Lok Sabha on Thursday. The bill seeks to simplify the language of the income tax law while removing provisos and explanations, apart from replacing terminologies like assessment and previous year with easier ...

1 day ago · Finance Minister Nirmala Sitharaman has tabled the Income Tax Bill 2025 in the Lok Sabha. The new bill aims to simplify the terminology used in tax laws in India, thereby making it easier for ...

Feb 1, 2025 · Nirmala Sitharaman announced plans to introduce a new Income Tax Bill during her presentation of the Union Budget for 2025-26 in Parliament on Saturday.

Feb 1, 2025 · Finance Minister Nirmala Sitharaman announced that the government will introduce a new Income Tax Bill next week, aiming to simplify tax laws and enhance compliance. The proposed law will reduce litigation, focus on middle-class …

1 day ago · Union Finance Minister Nirmala Sitharaman introduced the Income Tax Bill 2025 in the Lok Sabha on Thursday and proposed that Speaker Om Birla refer it to a select committee. The Bill was introduced with a voice vote, over objections raised by the Opposition. Among those who objected, Trinamool ...

1 day ago · Finance Minister Nirmala Sitharaman today tabled the much-anticipated Income Tax Bill, 2025, in the Lok Sabha, marking a decisive break from the Income Tax Act of 1961. Slated to take effect from April 1, 2026, the draft bill has been hailed by tax experts and industry leaders as a landmark reform, designed to modernise India’s tax framework ...

Feb 1, 2025 · Union Finance Minister Nirmala Sitharaman announced that a new Income Tax Bill will be introduced in Parliament next week. While presenting the Union Budget in Parliament on Friday, Sitharaman urged Income Tax department officials to “trust first and scrutinise later.”

1 day ago · The new Income Tax Bill (ITB), presented in Parliament, aims to replace the 65-year-old Income Tax Act of 1961 (ITA) and will take effect from April 1, 2026. The new law is nearly 50% shorter, with 2.56 lakh words compared to the ITA’s half a million words.

Feb 1, 2025 · Finance Minister Nirmala Sitharaman to introduce new income tax bill, detailing tax reforms and commitment to taxpayers in budget speech. Changes to direct tax and indirect tax reforms...