Government Withdraws Income Tax Bill, Planning Fresh Version

By BPN News Desk August 8, 2025

Government Policies National

The Indian government has formally withdrawn the Income Tax Bill, 2025, which was introduced in the Lok Sabha on February 13. The decision follows a detailed review and feedback from a parliamentary select committee that identified several provisions needing revision. Why Was the Bill Pulled

Business Finance

Panel Recommends Refund Relief for Late ITR Filers

By BPN News Desk July 21, 2025

A parliamentary panel reviewing the draft Income Tax Bill, 2025 has recommended that small taxpayers should be allowed to claim income tax refunds even if they fail to file their returns by the deadline. The suggestion comes as a relief for individuals earning below the taxable limit who often lose their deducted tax (TDS) due […]

Op-Eds Opinion

GST vs UPI: How Bureaucracy Hijacked Digital India’s Crown Jewel

By BPN News Desk July 21, 2025

India’s digital economy was supposed to be a story of empowerment — of chaiwalas flashing QR codes, fruit vendors skipping change hassles, and small businesses riding the wave of UPI-powered inclusion. But just when the country seemed to be turning the corner on cash, the bureaucracy decided to remind everyone who’s really in charge. The […]

Business Finance

Panel Clears Income Tax Bill With 285 Changes

By BPN News Desk July 17, 2025

The Parliamentary Standing Committee has approved the Income Tax Bill, 2025 with a total of 285 suggested changes, aiming to simplify tax procedures, reduce litigation timelines, and improve overall compliance. The bill is set to be introduced in the upcoming Monsoon Session of Parliament, with implementation targeted for the next financial year. One of the […]