Income Tax Act 1961

New Income Tax Bill To Be Taken Up For Discussion In Monsoon Session: FM Sitharaman

New Income Tax Bill: On March 18, the government invited stakeholders to submit their suggestions on the newly introduced Income Tax Bill 2025. 

Mar 25, 2025, 20:20 PM IST

Will New Income Tax Bill 2025 Change The Existing Income Tax Slabs? It Will Come Into Force From...

Finance Minister Nirmala Sitharaman on Wednesday (13 February 2025) tabled the much talked about  New Income Tax Bill 2025 in Lok Sabha. The Bill will now be sent to the Parliamentary Standing Committee on Finance for further deliberations. 

Feb 13, 2025, 14:40 PM IST

New Income Tax Bill 2025 Introduced In Lok Sabha By FM Nirmala Sitharaman

Finance Minister Sitharaman introduces Income Tax Bill, 2025, in Lok Sabha amid opposition parties opposing its introduction.

Feb 13, 2025, 14:24 PM IST

New Income Tax Bill To Supersede Income Tax Act 1961 To Be Tabled In LS Shortly

The revised tax framework is expected to come into force from April 1, 2026.

Feb 13, 2025, 13:49 PM IST

Why New Income-Tax Bill 2025 Is Much-Needed Reform, Reducing Word Count From 5 Lakh To 2.5 Lakh; Check Key Features

New Income-Tax Bill 2025: To ensure greater clarity, the bill also includes tables, examples, and formulas to explain tax provisions to make it easier for individuals and businesses to interpret.

Feb 12, 2025, 20:37 PM IST

New Income Tax Bill 2025 Vs Old Income Tax Act 1961: Ten Key Points To Know

A crispier and simplified Income Tax Bill 2025, having 536 sections, and 23 chapters running into 622 pages, is likely to be introduced in the Lok Sabha on Thursday.

Feb 12, 2025, 12:43 PM IST

New Income Tax Bill To Have 622 Pages, 536 Sections; Likely To Be Tabled In Parliament Tomorrow

The Bill once enacted will replace six-decade old Income Tax Act 1961, which over the years became bulkier and complex with amendments.

Feb 12, 2025, 11:59 AM IST

Woman not a chattel, marriage won't take away her identity: Supreme Court strikes down 'discriminatory' Income Tax rule

The verdict was delivered by a bench of Justices M R Shah and B V Nagarathna observed.

Jan 14, 2023, 10:29 AM IST

Tax Audit Due Date for AY2022-23: Taxpayers, CAs demand last date extension; CBDT responds

Tax Audit Date Extension: The CBDT has extended tax audit last date by a week.

Sep 30, 2022, 19:42 PM IST

Good news for taxpayers! Check how new Income Tax guidelines will benefit you

The Central Board of Direct Taxes (CBDT) has come out with revised guidelines for compounding of some offences under the Income Tax Act, 1961.

Sep 19, 2022, 09:06 AM IST

5 advantages of filing ITRs on time: Here’s why you should submit income tax return before deadline

As per tax laws in India, it is mandatory to file your ITR or income tax returns because it serves as a form used to file information about your income and tax to the Income Tax Department.

Jul 21, 2022, 18:23 PM IST