Tag Archives: New Income Tax Bill 2025

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 FAQs Answered New Income Tax Bill 2025: Finance Minister Nirmala Sitharaman introduced the New Income Tax Bill 2025 in Lok Sabha earlier this week. The New Income Tax Bill is expected to replace the decades old Income Tax Act 1961. It is less complicated and easier for the taxpayer to understand, says the government. The …

Key aspects of the New Income Tax Bill 2025 are given below: By Gaurav Mehndiratta and Siddharth Kaul New Income Tax Bill 2025: After the third term re-election of the Indian Government, in the Budget speech, the finance minister (FM) announced a comprehensive review of the Income Tax (IT) Act, focusing on four primary pillars: simplification of language, litigation reduction, …

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 …

New Income Tax Bill 2025 (AI image) New Income Tax Bill 2025: Finance Minister Nirmala Sitharaman has tabled the New Income Tax Bill in Lok Sabha on Thursday, comprising 536 clauses across 622 pages, with an aim to replace the existing 823-page law that has been in effect for 64 years. The New Income Tax Bill 2025, written in clearer …