New Income Tax bill explained

New Income Tax Bill 2025: What changes, what remains, and how it may impact tax payers
One key update is the introduction of a “tax year,” which refers to the 12-month period starting from April 1, effectively replacing the term “assessment year.”
Simplifying Tax Laws: Introduction of the Income Tax Bill, 2025
The proposed Income Tax Bill, 2025 aims to replace the existing Income-tax Act, 1961, with clearer language and structure. It introduces the 'tax year' concept and consolidates sections to improve readability and reduce compliance costs.
India’s New Income Tax Bill 2025: An Overview
Understand the major updates in India’s Income Tax Bill 2025, including tax law simplification and a shift to a unified tax year.
New Income Tax Bill introduced in Lok Sabha
Finance Minister Sitharaman on Thursday (February 13, 2025) introduced the Income Tax Bill, 2025, in Lok Sabha amid Opposition parties objecting its introduction.
Simplified Income Tax Bill 2025 Set to Transform Tax Framework
The Income Tax Bill 2025, reforming the outdated 1961 Act, is expected for parliamentary introduction. It simplifies tax reporting by introducing a 'tax year' concept and eliminating complex terms. The Bill's concise structure aims to clarify taxpayer rights and obligations with reduced confusion and litigation.
Income Tax Bill rolls out new 'Tax Year' concept, set for Parliamentary introduction on Thursday
The Income-Tax Bill, 2025, which is likely to be introduced in the Parliament on Thursday (13/02), rolls out key changes such as simplified language, a clearer definition of income, and the removal of outdated provisions.
Income Tax Bill 2025: Tax year not financial year or assessment year will come up in new bill; here's what it means
One significant amendment in the revised Income Tax Bill is the introduction of the term 'tax year', which replaces the traditional concept of the 'assessment year'.
New Income Tax Bill 2025 Highlights: New I-T bill to be tabled in Lok Sabha on Thursday; How will it impact taxpayers?
The new direct tax code or the new income tax bill announced by Finance Minister Nirmala Sitharaman in the Union Budget, is expected to be presented in Parliament this week.
India's new income tax bill proposes broad access to taxpayers' devices, social media accounts
India's new income tax bill proposes sweeping powers for authorities to access taxpayers' emails, trading and social media accounts during searches, activities which are not covered in the current tax law.
PAN and Aadhaar: What will be the effect of the new income tax bill on your PAN and Aadhaar, know full details here..
The new Income Tax Bill has been introduced in the Lok Sabha. Finance Minister Nirmala Sitharaman has introduced it. Through this bill, there will be many big and important changes related to income tax.
New Income Tax Bill 2025 LIVE Updates: FM Nirmala Sitharaman introduced new I-T Bill in Lok Sabha
New Income Tax Bill 2025 LIVE Updates: Union Finance Minister Nirmala Sitharaman presented the new Income-Tax Bill 2025 in ...
No change in capital gains taxes under new income tax bill set for introduction in LS on Thursday
MUMBAI: The new Income Tax Bill has no changes in the rate structures, nor are there any changes in the capital gains tax ...
New Income Tax Bill: From 'tax year' to special provision for capital gains computation, what's new?
Finance Minister Nirmala Sitharaman urged the Lok Sabha Speaker to refer the Income Tax Bill, 2025, to the Select Committee ...