Lok Sabha

Nirmala Sitharaman Introduces New Income Tax Bill 2025 in Lok Sabha: Key Changes and Implications

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Union Finance Minister Nirmala Sitharaman introduced the Income Tax Bill 2025 in the Lok Sabha on Thursday, proposing significant changes to simplify India’s direct tax system. The bill, which aims to replace the existing Income Tax Act of 1961, was met with opposition but was introduced through a voice vote. Sitharaman also proposed that the … Read more

New Income Tax Bill Introduced in Lok Sabha

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The New Income Tax Bill Introduced , 2025, was officially introduced in the Lok Sabha on February 13, 2025, by Finance Minister Nirmala Sitharaman. This bill aims to replace the Income Tax Act, 1961, which had become cumbersome due to numerous amendments over the past six decades. The introduction of the new income tax bill … Read more