The New Income Tax Bill 2025 aims to simplify tax laws in India, focusing on simplifying language, reducing litigation and ...

Taxpayers who have already selected the new tax regime in the Income-Tax Act 1961 will not need to choose it again in the ...

Finance Minister Nirmala Sitharaman introduced the new Income Tax Bill, 2025, aiming to simplify tax laws and encourage ...

The budget session began with address by President Droupadi Murmu to the joint sitting of the two Houses of Parliament. Sitharaman presented her 8th consecutive budget on February 1. The two Houses ...

FM Nirmala Tables New Income Tax Bill In Lok Sabha Amid Total Chaos, Says... | Budget Session Update ...

Under the new Income Tax Bill, 2025, Clauses 196, 197, 198 will deal with capital gains, and cryptocurrency has now formally ...

A bill that would increase the grocery tax credit to $155 a person is headed to the House floor after a unanimous vote Thursday.

One key update is the introduction of a “tax year,” which refers to the 12-month period starting from April 1, effectively ...

The Finance Minister recommended that the bill be sent to a select committee of Parliament for further scrutiny, with the committee's report due on the first day of the next session. Responding to ...

The Income Tax Bill 2025 is a big step forward in making India’s tax system friendlier but there are areas that need review. Constructive stakeholder consultations will be key to refine its provisions ...