this is the provision in the new Income Tax Bill

New Income Tax Bill 2025 Highlights: FM Nirmala Sitharaman introduced new I-T Bill in Lok Sabha
New Income Tax Bill 2025 Highlights: Union Finance Minister Nirmala Sitharaman presented the new Income-Tax Bill 2025 in Lok Sabha on Thursday. The I-T bill was announced during her Budget speech on February 1 and was approved by the Cabinet on February 7.
New Income Tax Bill 2025: Higher Exemptions, Simpler Rules, Easier Tax Filing – Here’s What Changes For You
Finance Minister Nirmala Sitharaman introduced the much-anticipated Income Tax Bill 2025 in the Lok Sabha on February 13. The proposed legislation aims to simplify the country’s tax system by modernising language,
New Income Tax Bill 2025 explained: 10 key takeaways for taxpayers - top points you should know
The proposed Income Tax Bill, 2025 aims to simplify the tax system with a reduction in sections and word count, in
New Income Tax Bill: Expect simplified rules, digital focus, and reduced litigation
The proposed I-T Bill would introduce the concept of ‘tax year’ to replace the financial year and is likely to be 622 pages long with 536 sections. However, it is unlikely to introduce drastic changes,
Income Tax Bill to make rules simpler, easy to read
The Income Tax Bill, approved by the Cabinet on Friday, will not have any rate surprises. The bill is a major exercise in making the income tax rules
Income Tax Bill 2025 | How your property will be taxed under new rules
Revising the method for determining the annual value of a property, the bill mandates that the annual value will be calculated based on the higher value between the reasonable expected rent from year to year,
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.
India to present new bill in Parliament to replace decades-old income tax law
India will introduce a new condensed version of its income tax law in the lower house of the Parliament on Thursday, which aims to simplify the six decades old rules that have led to a slew of litigations.
Govt answers all FAQs on new Income Tax Bill: ‘60,000 man-hours spent on it’
The government has shared a list of frequently asked questions that taxpayers may pose after reading the Income Tax Bill 2025. Read on to know what they are.
New Income Tax Bill 2025: 'Layman's Tax Code' - Expert Decodes
Finance Minister Nirmala Sitharaman , in her Union Budget 2025 speech, announced a historic move—the introduction of a new Income Tax Bill to replace the six-decade-old Income Tax Act of 1961.Today, the bill has been officially tabled in Parliament,
FM Sitharaman tables new Income Tax Bill in Lok Sabha
Finance Minister Nirmala Sitharaman introduced a new Income Tax Bill in Lok Sabha on Thursday, aiming to replace the existing legislation.
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Income Tax Rules: Income Tax notice will be sent if you deposit or withdraw more money than this limit in your Savings Account..
This question must have come to your mind how much maximum money can be kept in a savings account? Along with this, it is ...
See new changes to Ohio tax forms. Here's what to know when filing this year
As the current tax season continues and early filers look for their refunds, Ohio's Department of Taxation outlined new changes for the 2024 tax filing season, including updates to the agency's tax ...
How Fire Victims Can Rebuild Without Tax On Their Insurance Proceeds
Under the tax rules, amounts received for damage to property, including property insurance payments, are treated as sales ...
Reeves ‘considering stealth income-tax rise in Spring Statement’
Rachel Reeves is considering a stealth income-tax rise in the Spring Statement next month ...