Finance minister Nirmala Sitharaman defended the income tax relief for the 2025-26 budget, highlighting its benefits for all income groups, with higher savings for lower earners. She introduced a bill ...

The Bill continues to reference certain definitions from the Income-tax Act, 1961, and there are many cross-references between tables, which could make the reading slight cumbersome, says Sunil ...

The new Income Tax Bill, introduced in Parliament by Nirmala Sitharaman, aims to simplify and modernise India's tax system without adding new taxes. It features shorter, clearer provisions with a ...

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 ...

Finance Minister Nirmala Sitharaman will table the much-anticipated new income tax bill, known as the ‘Income Tax Bill, 2025,’, in the Lok Sabha on Thursday. The bill seeks to simplify the language of ...

Finance Minister Nirmala Sitharaman tabled the new income ... tax on income earned in a year will be paid that year. It has also omitted redundant sections, like those about 'fringe benefit tax ...

The new Income Tax Bill has 57 tables, compared to 18 in the existing Act, and it removes 1,200 provisions and 900 explanations. New Income Tax Bill 2025: The new bill, which was introduced in the ...

Union Finance Minister Nirmala Sitharaman on Thursday tabled the new Income Tax Bill in the parliament. The new Income Tax bill is meant to simplify the direct taxation regime and replace the Income ...

New Income Tax Bill: Union Finance Minister Nirmala Sitharaman on Thursday tabled the new Income Tax Bill, 2025 in the Lok Sabha. The bill aims to simplify tax language by removing jargon and ...

Finance Minister Nirmala Sitharaman will table the Income Tax Bill 2025 in the Lok Sabha today, February 13. The bill aims to consolidate and amend the law relating to income tax. According to the ...

UBTI is income earned by a tax-exempt entity from activities unrelated to its exempt purpose. Unrelated Business Taxable Income (UBTI) is the income earned by a tax-exempt entity from activities ...

Sonali Sharma Updated : Feb 13, 2025, 04:46 PM IST New Income Tax Bill 2025: The government on Thursday tabled the New Income Tax Bill, 2025, which aims to simplify tax laws, modernize definitions, ...