Government to move new income tax bill in Budget session
Friday, 17 January 2025 Finance minister Nirmala Sitharaman plans to introduce a bill for a new direct tax law during the budget session. The focus is on simplifying provisions and making the language more accessible for the common man. The new law will replace the 63-year-old Income Tax Act. The bill will be introduced and potentially tweaked based on feedback from taxpayers and experts.
People selling and handling boat parts suspected of being used in migrant Channel crossings could face up to 14 years in prison under new laws trying to crack down on people smugglers. Home Secretary..
Trump insisted on replacing Income Tax with tariffs. He outlined this proposal at 2025 Republican Issues Conference (GOP House Dinner). Trump also asserted that the US had no income tax prior to 1913...
As the Budget 2025 approaches, all eyes are on Finance Minister Nirmala Sitharaman’s potential income tax relief for salaried taxpayers. Will there be changes to tax slabs or new exemptions for NPS?..
Public inputs and suggestions were invited in four categories -- simplification of language, litigation reduction, compliance reduction, and redundant/obsolete... Zee News
Budget 2025 income tax expectations: Most personal tax experts are of the view that the government will phase out the old income tax regime in the coming years.... IndiaTimes
The government has listed the Waqf (Amendment) Bill as well as three other new draft laws for consideration in the Budget session of Parliament beginning Friday. Zee News
Friday, 17 January 2025
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