Experts on Income Tax Bill 2025

New Income Tax Bill 2025: What is special in the new income tax bill, understand the whole thing in 10 points..
Finance Minister Nirmala Sitharaman has introduced the new Income Tax Bill. Its purpose is to remove the complexities of the existing Income Tax Act and make it easier for taxpayers. This bill has also been passed in the Lok Sabha.
New Income Tax Bill 2025: Why is the 64-year-old tax law changing; What changes have happened in gratuity, pension and VRS?
To simplify the 64-year-old Income Tax Act 1961 and eliminate unnecessary provisions in it, Finance Minister Nirmala Sitharaman introduced the Income Tax Bill 2025 in the Lok Sabha on Thursday. In this bill,
Income Tax Bill 2025: Key changes every taxpayer needs to know; check details
The income tax return filing deadlines, income tax slabs, and capital gains taxations remain unchanged, as outlined in Budget 2025, to provide tax certainty for taxpayers.
New Income Tax Bill 2025
Finance Minister Nirmala Sitharaman introduced the new Income Tax Bill, 2025, aiming to simplify tax laws and encourage voluntary compliance. The bill, reduced to 622 pages, replaces complex provisions with clearer ones and introduces terms like 'tax year'.
New Income Tax bill: Has it really been simplified for taxpayers?
The proposed income tax bill seeks to simplify and revamp the Income Tax Act of 1961, which has often been criticised for its complexity, making it challenging for ordinary taxpayers to navigate.
FM Nirmala Sitharaman says new Income Tax Bill streamlines tax laws, not just a mechanical change
The current Income-tax Act was enacted in 1961 and came into existence with effect from April 1, 1962. It has been amended nearly 65 times with more than 4,000 amendments."

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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 ...
ICAI backs Income Tax Bill 2025, calls it a boost for economic growth and MSMEs
ICAI supports new Income Tax Bill 2025 to simplify tax framework, stimulate growth, and assist members with understanding.
31-Member Panel Set Up To Examine Income Tax Bill, Will Be Headed By BJP MP
Lok Sabha Speaker Om Birla on Friday constituted a 31-member Select Committee of the lower house to examine the Income Tax ...
New Income Tax Bill mandates sharing ’access codes’ with tax officials during search and seizure, says Report
According to a report, the new tax code bill tabled by Finance Minister Nirmala Sitharaman mandates sharing access codes with ...
New Income Tax Bill omits deduction for inter-corporate dividends under concessional rate
Income Tax Bill 2025 eliminates deduction for inter-corporate dividends for companies opting for 22% tax rate, causing double ...
Lok Sabha: Select Committee formed to examine Income Tax Bill; to submit report in next session
Lok Sabha speaker Om Birla formed a 31-member Select Committee of the lower house to examine the Income Tax Bill.
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 ...
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New Income Tax Bill 2025: Higher Exemptions, Simpler Rules, Easier Tax Filing – Here’s What Changes For You
Both the old and new tax regimes for individuals and Hindu Undivided Families (HUFs) will be retained, allowing taxpayers to ...