New Income Tax bill explained

New Income Tax Bill: Taxpayers can find the relevant provision through section-wise mapping utility. Check here
Income tax department has launched the new utility to enable taxpayers find the relevant provision in New Income Tax bill by navigating from the old Income Tax Act, 1961
New Income Tax Bill 2025 explained: Top 30 FAQs every taxpayer should check
The new bill aims to simplify tax provisions with clearer language, reducing its length and eliminating redundant sections while consolidating related content for easier understanding and compliance.
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.
Income Tax portal now offers section-to-section mapping for new Tax Bill
Taxpayers can now easily compare sections of the Income Tax Act, 1961, with corresponding clauses in the new Income Tax Bill, 2025, through an online utility provided by the tax department. The Section-to-Section mapping has been uploaded on the I-T department’s website for public access.
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.
Simplified Income Tax Bill: A New Era in Tax Legislation
The newly introduced Income Tax Bill seeks to simplify tax legislation by minimizing litigation and interpretation, reducing the word count, sections, and chapters significantly from its 1961 predecessor.
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,
Mint Explainer | New income tax bill: Why was there a need for a new legislation?
The new income tax Bill aims to simplify India's tax law, eliminating redundancies and improving readability without altering ...
Income Tax Bill 2025 drops inter-corporate dividends; what does this mean for companies
Under Section 80M of the present income tax law, Indian companies are allowed to deduct dividends received from domestic or ...
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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 ...
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.
Income Tax Bill 2025: I-T department launches self-mapping tool to compare old act, new bill
The Income Tax Department has made available a comprehensive comparison tool on their website, detailing the correlation ...
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 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 ...
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New Income Tax Bill 2025: Why is the 64-year-old tax law changing; What changes have happened in gratuity, pension and VRS?
To simplify the 64-year-old Income Tax Act 1961 and eliminate unnecessary provisions in it, Finance Minister Nirmala ...