Income Tax Bill 2025 - Unews World

Net direct tax collections dip 1.39% to Rs 4.59 lakh crore despite 5% rise in gross mop-up; refunds surge 58% – Here’s why – Times of India

June 21, 2025 0

Representative image (Picture credit: ANI) India’s net direct tax collections for the ongoing financial year 2025-26 declined by 1.39 per cent to Rs 4.59 lakh crore as of June 19, mainly due to a sharp surge in refund issuances, according to government data released on Saturday. In the same period last year, net direct tax collections had stood at Rs …

New Income Tax Bill 2025: For common man, better understanding of law and smoother tax compliances expected – The Times of India

February 19, 2025 0

New Income Tax Bill: Largely, there are no changes to the definition of residency or even salary related provisions for that matter. By Parizad SirwallaNew Income Tax Bill 2025: Representing a historic milestone in India’s tax landscape, Hon. Finance Minister – Madam Nirmala Sitharaman has presented the Income Tax Bill, 2025 (Bill) in the Parliament on 13 February 2025.The current …

New Income Tax Bill 2025 explained: 10 key takeaways for taxpayers – top points you should know – The Times of India

February 14, 2025 0

New Income Tax Bill: Taxpayers are quite keen to understand how these changes will impact their tax matters and responsibilities. By Rama KarmakarNew Income Tax Bill 2025 explained: The proposed Income Tax Bill, 2025 (‘new bill’) expected to come into effect on 01 April 2026, which will replace the existing Income Tax Act, 1961 (‘Act’), was introduced in the Lok …