New Income Tax bill explained

New Income Tax Bill 2025: What is special in the new income tax bill, understand the whole thing in 10 points..
Finance Minister Nirmala Sitharaman has introduced the new Income Tax Bill. Its purpose is to remove the complexities of the existing Income Tax Act and make it easier for taxpayers. This bill has also been passed in the Lok Sabha.
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, introduce a clear tax year, and make legal language more understandable. Changes include streamlined TDS rules and reorganized provisions for salary and exempt incomes.
Income Tax Bill 2025 - Overview & Key Points
Explore overview of Income Tax Bill 2025, major tax reform simplifies laws, enhances compliance, & introduces digital integration for a transparent system.
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.
India makes tax filing easier with new Income Tax Bill 2025
Dubai: After raising the no income tax limit for residents to Rs1.2 million, India has now brought out an updated Income Tax Bill – and made the whole process of tax filings much simpler. “The Rs1.2 million tax-free income is a big deal indeed compared to the earlier Rs300,
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 ...
New Income Tax Bill: No changes in capital gains tax structure, but language simplified
Under the new Income Tax Bill, 2025, Clauses 196, 197, 198 will deal with capital gains, and cryptocurrency has now formally ...
College athletes could get tax breaks under new NIL bill: Will it boost Alabama’s recruiting?
If passed, the legislation would exempt college athletes from paying state income tax on their NIL compensation.
ICAI backs Income Tax Bill 2025, calls it a boost for economic growth and MSMEs
ICAI supports new Income Tax Bill 2025 to simplify tax framework, stimulate growth, and assist members with understanding.
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Missouri House votes on party lines to eliminate income tax on capital gains
The Missouri House passed a bill to eliminate state income tax on long-term capital gains, mainly along party lines. The move, projected to cost the state treasury significantly, is aimed at aiding ...
Tariffs May Add $1,700 To Average Tax Bill, Hike Prices And Cut Income, Say Experts
Higher tariffs could worsen the squeeze on American families by increasing their taxes, lowering their income, and requiring ...
New Income Tax Bill omits deduction for inter-corporate dividends under concessional rate
Income Tax Bill 2025 eliminates deduction for inter-corporate dividends for companies opting for 22% tax rate, causing double ...
Beshear signs bill lowering individual income tax in Kentucky
Bookmark this list of noteworthy bills and check back for updates through the 2025 Kentucky legislative session.
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 has presented the new Income-Tax Bill 2025 ...
LS Speaker constitutes 31-member select committee to study Income Tax Bill, 2025; appoints Baijayant Panda as chairperson
Birla also appointed BJP's Kendrapara MP Baijayant Panda as the chairperson of the 31-member select committee that includes ...