New Income Tax Bill 2025 LIVE Updates: The Union Cabinet has actually authorized the brand-new Income Tax Bill on Friday, February 7, possibly resulting in its intro in the Lok Sabha very early following week. This expense belongs to a bigger initiative to change the tax obligation system and intends to revamp the existing tax obligation framework to make it a lot more structured and clear.
The Union Cabinet, chaired by Prime Minister Narendra Modi, on February 7 authorized brand-new Income Tax expense, PTI reported mentioning resources. It will certainly currently exist in the Parliament following week and would certainly be sent out to Parliament’s Standing Committee on Finance, it included.
The Union Budget 2025 revealed that the Ministry of Finance will certainly table the brand-new Income Tax Bill before the Union Cabinet today. Union Finance Minister Nirmala Sitharaman, in her yearly interview after the Budget, stated that she wishes that the expense passes with no troubles.
The Indian federal government intends to bring simpleness to the taxpayers with the brand-new revenue tax obligation expense and additionally revealed that it will certainly be 50 percent much less in message and more clear contrasted to the previous one.
New Income Tax Bill LIVE: New I-T Bill most likely in Parliament today
The Union Cabinet, chaired by Prime Minister Narendra Modi, on February 7 authorized brand-new Income Tax expense, PTI reported mentioning resources.
It is currently anticipated exist in the Parliament throughout today and would certainly be sent out to Parliament’s Standing Committee on Finance, it included.
Income Tax Bill News LIVE: New expense wants to change tax obligation system, overhaul existing framework
The Union Cabinet has actually authorized the brand-new Income Tax Bill on Friday, February 7, possibly resulting in its intro in the Lok Sabha very early following week. This expense belongs to a bigger initiative to change the tax obligation system and intends to revamp the existing tax obligation framework to make it a lot more structured and clear.
Income Tax Bill News LIVE: New I-T Bill anticipated in Parliament today
Good early morning and welcome to Livemint’s LIVE protection of the brand-new Income Tax Bill anticipated to be revealed in Parliament today
The brand-new expense, revealed by Finance Minister Nirmala Sitharaman in the Union Budget, was authorized by the Union Cabinet on February 7.
