Income Tax Bill 2025 was introduced in a bid to simplify the tax filing process by reducing provisions and acts. Taxpayers can now compare the sections of the Income Tax Act, 1961 with the corresponding clauses in the simplified I-T Bill, 2025, on the Income Tax department portal. The Income Tax Department has made available … Read more
Union Finance Minister Nirmala Sitharaman will present the new Income Tax Bill 2025 in the Lok Sabha today. This bill, designed to make tax regulations more accessible to the general public, will replace the existing Income Tax Act of 1961. The bill will then be referred to the Parliamentary Standing Committee on Finance, which will … Read more
The Union Cabinet is expected to approve the new Income Tax Bill on Friday, February 7, which could result in its introduction in the Lok Sabha early next week, government sources told Business Today. The purpose of the new Income Tax Bill is to simplify and streamline the tax process by replacing the current Income … Read more
Union Finance Minister Nirmala Sitharaman on Monday attacked Congress MP Rahul Gandhi over his “stupid self-confidence.” Her remarks came just hours after the Leader of Opposition in Lok Sabha claimed that China “is sitting inside the country” due to the failure of the Make-In-India initiative. Congress MP and Leader of Opposition in Lok Sabha, Rahul … Read more
Priyanka Gandhi Vadra to take oath as Lok Sabha member on November 28 | Photo Credit: PTI Congress leader Priyanka Gandhi Vadra is likely to take oath in the Lok Sabha on Thursday (November 28, 2024). She won the recent byelection to the Wayanad Lok Sabha constituency. Party leaders from Wayanad on Wednesday (November 27, … Read more
GST charges: Pankaj Chaudhary, minister of state in the Ministry of Finance, disclosed that the government garnered Rs 4,792.4 crores from Goods and Services Tax (GST) applied to education services during the financial year 2023-24. These services are non-exempt under GST, with a 18% tax rate levied on them under Service Accounting Code (SAC) 9992. Answering … Read more
Finance Bill 2024: Union Finance Minister Nirmala Sitharaman on Wednesday said that the government has successfully brought in a simplified tax structure. While replying to the discussion on the Finance Bill in Lok Sabha, FM Sitharaman said that the claim that corporate taxes are lower than the individual taxes claim is not well founded. While replying … Read more
The complex electoral landscape of Uttar Pradesh is engulfed in the ‘mysterious’ political moves by its former chief minister and Bahujan Samaj Party (BSP) chief Mayawati. Under opposition fire over allegations of being ‘BJP’s B team’, a jibe often taken by Samajwadi (SP) Party chief Akhilesh Yadav, Mayawati was almost close to shedding the label … Read more
Punjab BJP chief Sunil Jakhar. File. | Photo Credit: R. V. Moorthy The BJP will contest the Lok Sabha polls on its own in Punjab, the party’s State unit chief Sunil Jakhar said on March 26. The announcement came amid a buzz over talks between the Shiromani Akali Dal and the BJP for re-stitching their … Read more
Across the two parliamentary constituencies of Thiruvananthapuram and Attingal, Thiruvananthapuram district will have a total of 2,730 polling stations, with a maximum of 1,500 voters in each station. (image for representational purpose) | Photo Credit: Ritu Raj Konwar A total of 127 squads have started functioning in Thiruvananthapuram district in Kerala to enforce the model … Read more