India  

New Income Tax Bill cleared by Cabinet: What is the New Income Tax Bill & why is it being introduced? Explained

IndiaTimes Friday, 7 February 2025
New Income Tax Bill: The Union Cabinet has approved the New Income Tax Bill, which aims to replace the 1961 Act by simplifying direct tax legislation. This proposed bill, featuring clearer language and concise sentences, is expected to reduce legal disputes and will be reviewed during the Budget session.
0
shares
ShareTweetSavePostSend
 

You Might Like


Related videos from verified sources

U.S Lawmaker Proposes $250 Trump Bill To Honor His Economic Policies, But Law Prohibits Action [Video]

U.S Lawmaker Proposes $250 Trump Bill To Honor His Economic Policies, But Law Prohibits Action

US Republican Congressman Joe Wilson has proposed creating a $250 bill featuring Donald Trump’s image to honor his economic policies. Wilson argues inflation has increased the need for higher-value..

Credit: Oneindia     Duration: 03:21Published
Bill Burr Drop Dead Years [Video]

Bill Burr Drop Dead Years

Bill Burr Drop Dead YearsTrailer HD - Plot Synopsis: Bill Burr: Drop Dead Years is the latest one-hour special from one of the greatest stand-up comedians working today. In what might be his most..

Credit: Teaser Trailer     Duration: 01:14Published
Trump Abolishes Penny: US Treasury Ordered to Stop Minting Coins – Elon Musk Reacts to Bold Move [Video]

Trump Abolishes Penny: US Treasury Ordered to Stop Minting Coins – Elon Musk Reacts to Bold Move

In a historic and controversial move, President Donald Trump has officially ordered the U.S. Treasury to stop minting pennies, citing the high production cost and wasteful government spending. Posting..

Credit: Oneindia     Duration: 03:09Published

Related news from verified sources

New Income Tax Bill Likely To Be Tabled In Parliament Today --All You Want To Know

The new income tax bill, which was approved by the cabinet on February 7, is expected to be introduced in the parliament today. The new bill will replace the...
Zee News

New Income Tax Bill likely to be introduced in parliament today; here is what to expect

The Union Cabinet last week cleared the new Income Tax bill. Sitharaman had indicated earlier that the bill will be sent to a parliamentary committee for...
DNA

New Income Tax Bill likely to be introduced in parliament today; here's what to expect

The Union Cabinet last week cleared the new Income Tax bill. Sitharaman had indicated earlier that the bill will be sent to a parliamentary committee for...
DNA