Tag: income tax act 1961

New Income Tax Bill 2025 FAQ: How it aims to simplify India’s tax laws – CNBC TV18

[ad_1] What are the next steps after the new Bill is introduced? The Bill will now be reviewed by a Lok Sabha Speaker-appointed Select Committee. Post Select Committee review, the Bill has to be approved by the Parliament. Once the bill is passed by the Parliament and becomes an act the Parliament approval, The government […]

New Income Tax bill likely to reduce penal provisions, could streamline paperwork, claim sources – CNBC TV18

[ad_1] With all eyes on the new Income Tax Bill, which is slated to be tabled in Parliament this week, sources who wished to be not named, shared that “the bill could propose some measures that can help in easing the burden of litigation and could also ease some penalties and prosecution provisions.” Company Value […]

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