Income Tax Bill 2025

Union Finance Minister Nirmala Sitharaman introduces Income Tax Bill in Lok Sabha, in New Delhi. | Photo Credit: ANI The story so far: The Income Tax Bill 2025, which seeks …

The Finance Ministry has on August 12 notified a corrigendum to the new Income-Tax Bill 2025, which clarifies the interest to be charged on short payment of advance tax by …

The Parliament passed the revised Income Tax Bill 2025, fixing drafting oversights in the earlier February version that had sparked confusion over refunds, tax deducted at source (TDS) rules, and …

Union Finance Minister Nirmala Sitharaman will introduce the revised the new Income Tax Bill, 2025 as cleared by a Select Committee, in the Lok Sabha today, 11 August. Sitharaman withdrew …

The government has accepted most of the committee’s recommendations, paving the way for its likely passage in the ongoing monsoon session. At first glance, the new Bill appears to simplify …

Taxpayers often have to file income tax returns just so to claim a refund for having tax deducted at source for various reasons even when their income does not fall …

New Delhi: A Lok Sabha panel reviewing the Income Tax Bill, 2025 is set to propose a more taxpayer-friendly approach to anti-avoidance provisions aimed at curbing aggressive tax planning.  The …

The Monsoon session of Parliament will kick off on July 21 and end on August 12 and several new bills are proposed to be tabled during this time. Among these, …

The Income Tax Bill 2025 that aims to simplify the tax law, has been adopted unanimously in the last meeting of the Select Committee on Wednesday.  The panel led by …