Earlier on Friday, the Union Cabinet led by Prime Minister Narendra Modi had given the approval for the new Income Tax Bill.

The new bill, announced by Finance Minister Nirmala Sitharaman in the Union Budget, is expected to be presented in Parliament this week. It was approved by the Union Cabinet on February 7.

Parliament is likely to see another stormy session as Finance Minister Nirmala Sitharaman might table the New Income Tax Bill ...

The new Income Tax Bill, which is often referred to as the Direct Tax Code, is aimed at overhauling the existing tax structure, making it more streamlined and transparent.

It missed a chance to level the field for citizens vis-a-vis big businesses—which have contributed little to India’s economic ...

The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the bill on Friday (February 7). After its introduction, ...

The revised income tax law is expected to be clear, concise, consistent and supplemented with illustrative examples to aid ...

The Income Tax Bill, approved by the Cabinet on Friday, will not have any rate surprises. The bill is a major exercise in ...

Srinivas KamatThe Income Tax review of slab rates and the exemption from Income Tax for those earning up to Rs. 12.65 lakhs per annum in the 2025 Budget is bein ...