New Income Tax bill explained

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’s tax laws set for a revamp: What is the new Income Tax Bill? How will it affect you?
Finance Minister Nirmala Sitharaman is set to introduce a new Income Tax Bill aimed at simplifying the six-decade-old tax system in the coming week. The bill promises to reduce litigation, streamline compliance,
New Income Tax Bill: 622 Pages, 536 Sections | To Be Tabled Today
India's new Income Tax Bill, replacing the 1961 Act, is expected to be tabled today. The 622-page bill simplifies tax laws, introduces new provisions, and aims to reduce disputes.
New Income Tax Bill To Replace 'Assessment Year' With 'Tax Year' From 2026
The upcoming Income Tax Bill, set to be introduced in the Lok Sabha on Thursday, proposes replacing the term ‘previous year’ with ‘tax year’—12 months starting from 1 April. It also eliminates the concept of the assessment year.
Experts hope new I-T bill will end India’s tax dispute drama
A major focus of the new tax bill is likely to be on lowering the number of such disputes by clearly defining provisions and minimising room for aggressive interpretation.
New Income Tax Bill: What is it and how will it help taxpayers?
In order to make the Income Tax Act 1961 more concise and simpler the government is introducing a new income tax bill.
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.
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.
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,
‘This marks a transition…’: Experts on Income Tax Bill 2025
Several experts have supported the government efforts put into the Income Tax Bill 2025, but some expressed apprehensions.
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Income Tax: Income Tax Department issued alert regarding PAN card, now these people will have to pay 10 thousand rupees fine..
PAN Card i.e. Permanent Account Number is mandatory for every taxpayer. It is a ten-digit unique alphanumeric identification ...
What’s new in the Income Tax Bill, 2025
The Income-tax Bill cuts some clutter of the existing Act and introduces new illustrative tables, while maintaining ...
New Income Tax Bill 2025: FAQs issued on provisions for salaried taxpayers, virtual digital assets & more — details
The new Income Tax Bill 2025 consolidates salary provisions for clarity, incorporating previous deductions into the salary ...
New tax regime tax calculator: Income Tax dept launches tax calculator to help taxpayers calculate their tax savings
The Income Tax Department has introduced an online calculator for taxpayers to compare their potential savings under the ...
Raipur: Income Tax Department Raids Jai Ambe Emergency Services Over Tax Evasion Allegations
Raipur: On the complaints of tax evasion, the Income Tax Department sleuth carried out a raid at a company operating Jai Ambe ...
A rich-country tax deal is dead in the water. But India is sailing ahead
The proposed profit attribution rules under India's income tax law seek to put in place an objective and balanced framework ...