As compared to the Income Tax Act, 1961, the new Income Tax Bill 2025 proposes to remove proviso and explanations, and ...

Amid criticism from Opposition MPs on the need for the introduction of the new bill, the Centre shared a list of reasons.

Finance Minister Nirmala Sitharaman tabled the new income tax bill - which she had mentioned in her Budget speech on February ...

The new Income Tax Bill, introduced in Parliament by Nirmala Sitharaman, aims to simplify and modernise India's tax system ...

To promote infrastructure development, section 80IA was brought into Income-tax Act, 1961. Sections 80HHE, 10A and 10AA were ...

Finance Minister Nirmala Sitharaman introduces new Income Tax Bill, simplifying language, eliminating redundant provisions, ...

The Bill seeks to replace 298 sections and 14 schedules in the existing Income Tax Act, 1961, with a 622-page new law enshrined in 536 sections, 23 chapters and 16 schedules.

The bill is expected to streamline existing provisions and simplify compliance for taxpayers. For more on what to expect from ...

The new Income Tax Bill 2025 was tabled in the Lok Sabha on February 13, following which the Opposition MPs staged a walkout.