What is the New Income Tax Bill 2025? Income Tax Act 1961 to be replaced; top points taxpayers should know

Finance Minister Nirmala Sitharaman presented the updated version of the I-T bill to Parliament. The New Income Tax Bill has been passed by the Lok Sabha, marking a significant reform to modernise the longstanding income tax legislation for both individuals and corporations. The New Income Tax Bill 2025 aims to simplify tax procedures and reduce…

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