Budget session - Unews World

New Income Tax Bill cleared by Cabinet: What is the New Income Tax Bill & why is it being introduced? Explained – The Times of India

February 7, 2025 0

New Income Tax Bill: Prime Minister Narendra Modi-led Union Cabinet has cleared the New Income Tax Bill today, according to a PTI report. The Income Tax Bill being cleared by the Cabinet paves way for it to be tabled in the Parliament next week as part of the Budget session.The proposed New Income Tax Bill, set to replace the Income …

Government to move new income tax bill in Budget session – The Times of India

January 17, 2025 0

NEW DELHI: Finance minister Nirmala Sitharaman is set to introduce a bill for a new direct tax law in the budget session, which will focus on simplification of the provisions, doing away with the ones that are redundant and attempt to make the language more layman friendly.The committee tasked with the revision, is deciding if the new law to replace …