Following the passage of the Bills, the House was adjourned for the day. The new Income Tax Bill, meant to replace the ...

Lok Sabha on Monday passed two important legislations pertaining to taxation -- Income-Tax (No 2) Bill and Taxation Laws ...

The Income Tax Bill 2025, which was introduced in the Lok Sabha on February 13 to replace the Income Tax Act, 1961, has been ...

Union Finance Minister Nirmala Sitharaman will present the revised Income Tax Bill, 2025 in the Lok Sabha, following the ...

The original Income Tax Bill, 2025, was introduced on February 13 to replace the six-decade-old Income Tax Act, 1961. However ...

T he Lok Sabha on Monday passed the Income Tax Bill, 2025, a landmark move aimed at replacing India’s six-decade-old direct ...

Bill, 2025 seeks to replace the Income Tax Act, 1961. The development comes days after Finance Minister Nirmala Sitharaman withdrew the previous draft of the bill in the Lok Sabha. But what do we know ...

A key change is that companies opting for the new tax regime will now be eligible for deductions under Section 80M (Clause 148), extending benefits to more corporate taxpayers.

Sitharaman stated, “The Income-Tax (No. 2) Bill, 2025 seeks to consolidate and amend the law associated with income tax and ...

The revised Income Tax Bill, 2025 replaces last week's withdrawn draft, bringing clearer property rules, new slabs, higher ...

Workers who receive overtime pay can deduct only the pay that exceeds their typical rate, saving an average of $1,440 ...

The revised I-T bill incorporates most of the recommendations given by the select committee -- which examined the Income Tax ...