Last Updated:February 13, 2025, 11:38 IST According to the agenda circulated by the Lok Sabha secretariat, Union Finance Minister Nirmala Sitharaman will introduce the Income Tax Bill, 2025 on February 13. The new Income Tax Bill 2025 seeks to simplify the language of the income tax law while removing provisos and explanations. Finance Minister Nirmala…
Last Updated:February 13, 2025, 15:01 IST Parliament Budget Session: Nirmala Sitharaman tabled the new Income-Tax Bill, 2025, in Lok Sabha today in the Lok Sabha. Parliament Budget Session: Income Tax Bill 2025 tabled in Lok Sabha (Photo: Sansad TV) New Income Tax Bill: Union Finance Minister Nirmala Sitharaman on Thursday tabled the new Income Tax…
Last Updated:February 13, 2025, 15:05 IST New Income Tax Bill 2025: The Bill seeks to replace 298 sections and 14 schedules in the existing Income Tax Act, 1961, with a 622-page new law enshrined in 536 sections, 23 chapters and 16 schedules. New Income Tax Bill proposes to replace the words ‘assessment year’ and ‘previous…
Last Updated:February 13, 2025, 18:10 IST New Income Tax Bill, 2025: Section 80D is now Clause 126 under the new bill, Section 80E is Clause 129, Section 87A is Clause 157; know all major clauses under the new income tax Bill: New Income Tax Bill 2025. Income Tax Bill 2025: Finance Minister Nirmala Sitharaman on…
Last Updated:February 14, 2025, 11:03 IST The Bill, which was introduced in the Lok Sabha on Thursday, included a new terminology “virtual digital space” in the clause relating to search and seizure cases. New Income Tax Bill. Finance Minister Nirmala Sitharaman has introduced the much-anticipated new Income Tax Bill in Parliament. This bill, a simplified…
Last Updated:February 13, 2025, 23:36 IST Rajya Sabha MP Ramdas Athawale praised Finance Minister Nirmala Sitharaman’s budget with witty rhymes, targeting the Opposition and calling it a threat to China. Sitharaman tabled the new Income Tax Bill, 2025. Athawale also a took a jibe at the INDI bloc over its apparent rift (PTI photo) Rajya…
Last Updated:February 17, 2025, 19:23 IST Electoral bonds have been mentioned in the new Income Tax Bill’s Schedule VIII which deals with ‘Income not to be included in the total income of political parties and electoral trusts’. Experts say the electoral bond in the new Bill may be a strategic decision by policymakers to leave…