12 Key Changes in New Income Tax Bill
On Thursday, February 13, Finance Minister Nirmala Sitharaman introduced the Income Tax Bill 2025 in the Lok Sabha. The much-anticipated bill, once passed by Parliament, will replace the 63-year-old Income Tax Act of 1961. The new bill aims to simplify tax terminology, making it more understandable by replacing terms such as Assessment Year (AY) and… Read More »