Finance Bill 2025: New income tax bill to scrapping of equalisation levy - Here's what Nirmala Sitharaman said in Lok Sabha

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Finance Bill 2025: New income tax bill to scrappi .. Here's what Nirmala Sitharaman said in Lok Sabha

Finance Bill 2025: New income tax bill to scrapping of equalisation levy - Here's what Nirmala Sitharaman said in Lok Sabha

^{Published on 2025-03-25 08:41:12 - Moneycontrol}

The Upper House is also expected to take up The Disaster Management (Amendment) Bill, 2024, which has already been passed by the Lok Sabha.

The Finance Bill 2025, presented by Finance Minister Nirmala Sitharaman in the Lok Sabha, includes several significant changes to India's tax framework. Key highlights include the introduction of a new income tax regime aimed at simplifying tax calculations and providing relief to middle-income groups, the scrapping of the Equalisation Levy to align with international tax norms, and adjustments to capital gains tax to encourage investment. Sitharaman also announced measures to boost digital transactions, enhance tax compliance, and support startups through tax incentives. Additionally, the bill proposes amendments to the Insolvency and Bankruptcy Code to expedite resolution processes and introduces new provisions for dispute resolution in tax matters, aiming to create a more investor-friendly environment.

Read the Full Moneycontrol Article at:
[ https://www.moneycontrol.com/news/business/finance-bill-2025-new-income-tax-bill-to-scrapping-of-equalisation-levy-here-s-what-nirmala-sitharaman-said-in-lok-sabha-12975088.html ]

N@N

Finance Bill 2025: New income tax bill to scrapping of equalisation levy - Here's what Nirmala Sitharaman said in Lok Sabha