Explained: Four Amendments To Income Tax Act To Be Applicable In FY26
The major amendment grants tax exemption on dividends, interest, and long-term capital gains to sovereign wealth funds and pension funds investing in infrastructure from April 1, 2020, to December 31, 2030, subject to notification.
Aug 14, 2025, 15:30 PM IST
Finance Ministry Issues Corrigendum To Income Tax Bill On Advance Tax Interest
Under current rules, taxpayers with an annual tax liability of Rs 10,000 or more are required to pay advance tax in four instalments — on June 15, September 15, December 15, and March 15.
Aug 13, 2025, 08:10 AM IST
Tax Code Overhaul: Key Changes In The New Income Tax Bill 2025 Explained
Finance Minister Nirmala Sitharaman introduced the Income Tax (No.2) Amendment Bill, 2025 in the Lok Sabha, outlining new provisions impacting property owners, taxpayers under the revised regime, and those qualifying for rebates.
Aug 11, 2025, 18:57 PM IST
Refunds, Dividends, NIL TDS: New Version Of Income Tax Bill Packs A Punch – Find Out What’s New
The new version includes most of the 285 suggestions made by a special committee that reviewed the earlier draft and submitted its report on July 21.
Aug 08, 2025, 20:15 PM IST
Finance Act 2025 Provides Substantial Relief Under New Tax Regime: Minister
The new income tax bill will make filing taxes easier for common citizens and small businesses.
Aug 04, 2025, 16:02 PM IST
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
Income Tax Dept To Have Legal Rights To Access Your Social Media, Bank Account From 1 April 2025 If...; Check Reports
If authorized officers suspect someone hiding income, property, or documents to avoid paying taxes, they may examine and confiscate assets and accounts under Section 132 of the I-T Act, 1961 said a report in the Economic Times.
Mar 05, 2025, 13:06 PM IST
Govt Received Over 60,000 Inputs From Citizens Towards New Income Tax Bill: FM
Addressing a post-Budget event here, the Finance Minister said the review of the Income-Tax Act, 1961 has a big component of Prime Minister Narendra Modi’s principle of 'Jan Bhagidari'.
Feb 17, 2025, 17:21 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
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