New Income Tax Bill 2025 Introduced in Parliament

By BPN News Desk February 13, 2025

Economy National

Finance Minister Nirmala Sitharaman introduced the Income Tax Bill 2025 in Parliament, marking a significant step towards tax reforms in India. The proposed legislation aims to replace the Income Tax Act of 1961 with a more structured and modern framework, enhancing compliance and transparency.

Economy National

Cabinet Approves New Income Tax Bill for Parliamentary Introduction

By BPN News Desk February 8, 2025

The Union Cabinet has given its approval to a new Income Tax Bill, which is scheduled to be introduced in Parliament next week. This legislative move seeks to replace the existing Income Tax Act, which has been in force for over six decades, with a more contemporary framework. Objective of the New Income Tax Bill […]

Business Finance

Cabinet Set to Approve New Income Tax Bill for Reforms

By BPN News Desk February 6, 2025

The Union Cabinet is set to approve a new Income Tax Bill on February 7, with plans to introduce it in the Lok Sabha during the ongoing Budget session. This bill seeks to replace the existing Income Tax Act of 1961 with a more streamlined and taxpayer-friendly system. Objective of the New Tax Bill The […]