Finance Minister Nirmala Sitharaman introduced the revised Income Tax Bill, 2025, in the Lok Sabha, adopting 285 recommendations from a Parliamentary panel. The bill aims to simplify tax laws, benefit the middle class, and replace the decades-old 1961 Act
At a time when digital communication is deeply integrated into our professional and personal lives, allowing government easy access to sensitive public data is fraught with danger
Income Tax payers can now match the sections of the I-Tax Act, 1961, with the corresponding clauses in the simplified I-T Bill, 2025, on the tax department portal