The Finance Ministry has issued a corrigendum to correct a drafting error in the newly introduced Income Tax Bill, 2025, clarifying the penal interest on shortfalls in advance tax payments.
Union Finance Minister Nirmala Sitharaman was all set to introduce revised Income Tax Bill 2025 in the Lok Sabha on Monday.
Union Finance Minister Nirmala Sitharaman said the use of simplified language in the new Income Tax Bill, 2025, marks a significant shift in making the provisions easier to understand.
The Parliamentary Select Committee on Income Tax (PSC-IT) has officially adopted its report on the Income Tax Bill, 2025, marking the culmination of nearly five months of rigorous deliberations, Darjeeling MP Raju Bista announced on Wednesday.
The Siliguri Chapter of the Eastern India Regional Council (EIRC) of the Institute of Company Secretaries of India (ICSI) hosted a dynamic halfday seminar, ‘Sankalp’, focusing on the Union Budget 2025 and Income Tax Bill 2025.
The members of the 31-member committee include the following Lok Sabha MPs.
The Lok Sabha on Tuesday passed by a voice vote a bill to amend the income tax laws to facilitate…
