new income tax bill

New Income Tax Bill: Is this an old wine in a new bottle? Experts say this

by
New Income Tax Bill: Is this an old wine in a new bottle? Experts say this… | Mint

Union Finance Minister Nirmala Sitharaman on Feb 13 tabled the new Income Tax Bill in the Parliament. This was a landmark move as the entire 64-year-old income tax law was overhauled and the older complex provisions were made simpler and lucid amid much fanfare. One of the key arguments given by the Finance Minister was … Read more

New Income Tax Bill expected soon: Here’s what taxpayers can expect

by
PM Modi greets members of Indian community in Paris.

The government is set to introduce a new Income Tax Bill in Parliament to replace the existing Income Tax Act of 1961. This was announced by Finance Minister Nirmala Sitharaman during the presentation of the Union Budget 2025-26. The new bill aims to make direct tax laws simpler, reduce litigation, and remove ambiguities in the … Read more