new income tax bill

Parliament Budget Session Day 9 LIVE: FM Sitharaman to introduce new Bill on income tax law reforms

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Parliament Budget Session Day 9 LIVE: FM Sitharaman to introduce new Bill on income tax law reforms

New Delhi, Feb 11 (ANI): Proceedings of the Lok Sabha underway during the Budget Session of Parliament, in New Delhi on Tuesday. (ANI Photo/Sansad TV) | Photo Credit: ANI The government is all set to introduce a new Bill to reform the income tax laws on Thursday (February 13, 2025), the last day of the … Read more

Simplified income tax laws in Budget 2025? A CA flags potential issues with capital gains taxation

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Simplified income tax laws in Budget 2025? A CA flags potential issues with capital gains taxation

The government is reportedly planning to introduce a new income tax bill in the Budget session of Parliament, aiming to simplify the six-decade-old Income Tax Act, 1961. The proposed law, according to a PTI report, is likely to cut the number of provisions and reduce the Act’s volume by 60%, seeks to make taxation clear … Read more