New Income Tax Bill 2025 LIVE Updates: New I-T bill to be tabled in Lok Sabha this week; How it will impact taxpayers?

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New Income Tax Bill 2025 LIVE Updates: New I-T bill to be tabled in Lok Sabha this week; How it will impact taxpayers?

//business-finance.news-articles.net/content/202 .. abha-this-week-how-it-will-impact-taxpayers.html

Published in Business and Finance on Tuesday, February 11th 2025 at 11:00 GMT by Mint

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source

The new direct tax code or the new income tax bill announced by Finance Minister Nirmala Sitharaman in the Union Budget, is expected to be presented in Parliament this week. It was approved by the Union Cabinet on February 7.

2025-02-11 231 x 130 / 4516 Bytes

The article from LiveMint discusses the anticipation surrounding the introduction of the Income Tax Bill in the Indian Parliament. Finance Minister Nirmala Sitharaman is expected to present the bill, which aims to amend the existing tax laws. Key expectations include changes in tax slabs, potential relief for middle-income groups, and adjustments to capital gains tax. The bill is part of the broader Union Budget 2024-25, with stakeholders keenly watching for any reforms that could affect personal and corporate taxation. The article also mentions the date for the bill's presentation and highlights the economic implications and public expectations from these tax reforms.

Read the Full Mint Article at:
[ https://www.livemint.com/money/income-tax-bill-news-live-nirmala-sitharaman-proposed-bill-date-key-expectations-parliament-this-week-budget-india-news-11739151378116.html ]