India  

I-T Bill seeks to simplify tax laws, but no major overhaul

IndiaTimes Wednesday, 12 February 2025
Finance Minister Nirmala Sitharaman is set to introduce a new 622-page Income Tax Bill in simpler language, replacing the 64-year-old law. The bill aims to reduce litigation by eliminating complex terms, outdated references, and multiple cross-references. It also introduces clearer provisions, including a taxpayer charter, crypto asset definitions, and updated definitions of agricultural income.
0
shares
ShareTweetSavePostSend
 

You Might Like


💡 newsR Knowledge: Other News Mentions

Nirmala Sitharaman Nirmala Sitharaman Indian economist and politician (born 1959)

Amid row, Kunal Kamra takes swipe at 'Nirmala Tai' with satire video

Comedian Kunal Kamra shared a segment from his recent standup performance, indirectly criticizing Union Finance Minister Nirmala Sitharaman. An FIR was lodged..
IndiaTimes
Budget 2025: 12 लाख तक की Income Tax Free होने के बाद क्या Old Tax Regime खत्म  [Video]

Budget 2025: 12 लाख तक की Income Tax Free होने के बाद क्या Old Tax Regime खत्म

Budget 2025: वित्त मंत्री निर्मला सीतारमण (Finance Minister Nirmala Sitharaman) ने अगले हफ्ते एक नया इनकम टैक्स विधेयक (New Income Tax Bill) पेश करने की घोषणा की है. New Tax Regime के तहत 12 लाख तक की इनकम टैक्स फ्री कर दी गई है. क्या अब इसके बाद Old Tax Regime खत्म हो जाएगी? #budget #budget2025 #unionbudget #unionbudget2025 #FMSitharaman #PMModi #NirmalaSitharaman #IncomeTax #budgetexpectations #Taxslabs #GST #TaxRules #IncomeTaxSlabs #NewTaxRegime #OldTaxRegime #TaxinBudget2025 #ITR #incometaxfile #GDP #Economy #taxpayers #goodreturns #NewIncomeTax ~PR.147~ED.148~GR.124~HT.96~

Credit: Oneindia    Duration: 03:29Published
Union Budget 2025 Highlights| Middle-Class Relief to Duty-Free Medicines: FM Unveils Landmark Budget [Video]

Union Budget 2025 Highlights| Middle-Class Relief to Duty-Free Medicines: FM Unveils Landmark Budget

Finance Minister Nirmala Sitharaman presented the Union Budget 2025, packed with key highlights aimed at fostering economic growth and social welfare. The budget focuses on providing significant relief to the middle class, including income tax exemptions and increased deductions. A standout feature is the duty exemption on essential medicines, which will lower healthcare costs for citizens. The government also announced measures to boost infrastructure development, enhance digital connectivity, and promote green energy. The FM emphasized that this budget is designed to create a more inclusive, resilient, and self-reliant India, aligning with the vision of a "Viksit Bharat." #Budget2025Live #UnionBudget2025 #NirmalaSitharaman #IncomeTaxBudget2025 #Budget2025India #BudgetSessionLive #Budget2025Expectations #BudgetNewsLive #BudgetSpeech2025 #2025BudgetHighlights #BudgetForFarmers #RailwayBudget2025 #TaxRelief2025 #EconomicGrowth #FinanceMinister ~HT.318~ED.85~PR.152~GR.124~

Credit: Oneindia    Duration: 08:33Published
Union Budget 2025: President Murmu offers ‘Dahi-Cheeni’ to FM Sitharaman ahead of Budget [Video]

Union Budget 2025: President Murmu offers ‘Dahi-Cheeni’ to FM Sitharaman ahead of Budget

In a symbolic and auspicious gesture, President Droupadi Murmu offered ‘Dahi-Cheeni’ (curd and sugar) to Finance Minister Nirmala Sitharaman before she presented the Union Budget 2025. The tradition, considered a sign of good luck and success, underscores the cultural significance of the budget day. As Sitharaman prepared to unveil key economic policies, tax reforms, and welfare measures, this moment added a touch of tradition to the nation’s most anticipated financial event. Stay tuned for key budget announcements shaping India’s future! #Budget2025Live #UnionBudget2025 #NirmalaSitharaman #IncomeTaxBudget2025 #Budget2025India #BudgetSessionLive #Budget2025Expectations #BudgetNewsLive #BudgetSpeech2025 #2025BudgetHighlights #BudgetForFarmers #RailwayBudget2025 #TaxRelief2025 #EconomicGrowth #FinanceMinister ~PR.152~ED.346~HT.334~

Credit: Oneindia    Duration: 02:20Published

Related news from verified sources

Union Budget 2025: With eyes on Bihar polls, Nirmala Sitharaman presents Budget in Madhubani saree

Union minister Nirmala Sitharaman presented the Union Budget 2025 wearing a Madhubani saree gifted by artist Dulari Devi, reflecting Bihar's cultural heritage....
IndiaTimes Also reported by •Zee News

Dulari Devi: Madhubani artist behind Nirmala's saree

Union Finance Minister Nirmala Sitharaman presented her eighth consecutive Union Budget wearing an off-white handloom silk saree adorned with Madhubani artwork,...
IndiaTimes Also reported by •DNA

Great Gamble: FM Nirmala Sitharaman bets on surge in IT Collections, Pvt sector spending in Budget

Finance Minister Nirmala Sitharaman's 8th budget focuses on boosting consumption through significant tax giveaways while targeting a lower fiscal deficit. Key...
IndiaTimes