New income tax bill expected to be presented in Parliament next week, finance secy says it won’t have any new taxes

New income tax bill expected to be presented in Parliament next week, finance secy says it won’t have any new taxes

The new direct tax code or the new income tax bill will not include any new taxes, finance secretary Tuhin Kanta Pandey told Moneycontrol in an interview.The new direct tax code was announced in the Budget 2025-26 by finance minister Nirmala Sitharaman and is set to be introduced in the Budget session of the parliament. … Read more

FM Sitharaman takes part in customary halwa ceremony; marks final stage of Budget preparation

FM Sitharaman takes part in customary halwa ceremony; marks final stage of Budget preparation

New Delhi: Finance Minister Nirmala Sitharaman on Friday participated in a traditional ‘halwa’ ceremony, marking the final stage for the preparation of Union Budget 2025-26 to be unveiled on February 1 in the Lok Sabha. The ceremony is a customary ritual in which traditional dessert ‘halwa’ is prepared and served to officials and staff members … Read more