New Income Tax bill explained

New Income Tax Bill 2025: Six aspects to take note - is it a zero-sum game?
The New Income Tax Bill 2025 aims to simplify tax laws in India, focusing on simplifying language, reducing litigation and compliance, and removing obsolete provisions. It introduces a taxpayer's charter,
New Income Tax Bill 2025: What changes, what remains, and how it may impact tax payers
One key update is the introduction of a “tax year,” which refers to the 12-month period starting from April 1, effectively replacing the term “assessment year.”
New Income Tax Bill 2025 PDF: Here's Quick Access To Official Link, Top Highlights For You
The Government believes that the Income Tax Bill, 2025, will significantly improve the ease of doing business in India by making tax compliance simpler and more efficient.
Are you required to choose the New Tax Regime once more in the 2025 Income-Tax Bill? What's the scope for Old Tax Regime
Taxpayers who have already selected the new tax regime in the Income-Tax Act 1961 will not need to choose it again in the upcoming Income Tax Bill 2025. The current regulations for selecting a tax regime will remain unchanged in the new bill.
New Income Tax Bill: Simpler, lighter and future-ready
The tax bill and the proposed taxpayer’s charter when implemented in the spirit of justice and transparency will surely usher in the much-needed tax reforms
Income Tax Bill 2025 - Overview & Key Points
Explore overview of Income Tax Bill 2025, major tax reform simplifies laws, enhances compliance, & introduces digital integration for a transparent system.
What’s new in the Income Tax Bill, 2025
The Income-tax Bill cuts some clutter of the existing Act and introduces new illustrative tables, while maintaining continuity in most aspects. There are no major tweaks in penalty or compliance provi
India's new income tax bill proposes broad access to taxpayers' devices, social media accounts
India's new income tax bill proposes sweeping powers for authorities to access taxpayers' emails, trading and social media accounts during searches, activities which are not covered in the current tax law.
India makes tax filing easier with new Income Tax Bill 2025
Dubai: After raising the no income tax limit for residents to Rs1.2 million, India has now brought out an updated Income Tax Bill – and made the whole process of tax filings much simpler. “The Rs1.2 million tax-free income is a big deal indeed compared to the earlier Rs300,
New Income Tax Bill 2025
Finance Minister Nirmala Sitharaman introduced the new Income Tax Bill, 2025, aiming to simplify tax laws and encourage ...
Income Tax Dept releases FAQs on new Income Tax Bill, 2025: Check details
To promote infrastructure development, section 80IA was brought into Income-tax Act, 1961.
New Income Tax Bill 2025 LIVE Updates: FM Nirmala Sitharaman introduced new I-T Bill in Lok Sabha
New Income Tax Bill 2025 LIVE Updates: Union Finance Minister Nirmala Sitharaman presented the new Income-Tax Bill 2025 in ...
New Income Tax Bill: No changes in capital gains tax structure, but language simplified
Under the new Income Tax Bill, 2025, Clauses 196, 197, 198 will deal with capital gains, and cryptocurrency has now formally ...
New Income Tax Bill 2025: FM Nirmala Sitharaman tables the new income tax bill in Lok Sabha
This new bill, tabled in Lok Sabha by Finance Minister Nirmala Sitharaman, seeks to replace the existing Income Tax Act, 1961 ...
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New Income Tax Bill more complicated than previous one, says Congress MP Manish Tewari
Congress MP Manish Tewari on Thursday criticized the new Income Tax Bill, arguing that, contrary to Union Finance Minister ...