Not mere mechanical changes but substantial ones: FM Nirmala Sitharaman introduces new Income-Tax Bill 2025 in Lok Sabha
Finance Minister Nirmala Sitharaman, in line with her Union Budget 2025 presentation, introduced a new bill to amend the current income tax rules and regulations in India, amid opposition walkout and sloganeering
Finance Minister Nirmala Sitharaman, in line with her Union Budget 2025 presentation, introduced a new bill to amend the current income tax rules and regulations in India, amid opposition walkout and sloganeering
Finance Minister Nirmala Sitharaman, in line with her Union Budget 2025 presentation, introduced a new bill to amend the current income tax rules and regulations in India, amid opposition walkout and sloganeering
Finance Minister Nirmala Sitharaman, in line with her Union Budget 2025 presentation, introduced a new bill to amend the current income tax rules and regulations in India, amid opposition walkout and sloganeering
Union Finance Minister Nirmala Sitharaman tabled a bill in the Parliament on Thursday that is said to consolidate and amend the current law related to income tax and direct taxes in India.
The government listed the tax bill for introduction in the Lok Sabha on Thursday, as per the agenda circulated by the Lok Sabha secretariat on Wednesday.
The first mention of the bill occurred when Sitharaman was tabling the Union Budget 2025 on February 1.
The Narendra Modi-led government has, on several occasions, expressed their resolve to simplify certain acts. This could mean replacing terminologies such as "assessment" and "previous year" with more accessible terms such as "tax year" in the current bill—a move in line with simplifying governance language.
[This is a developing story and is being updated]