Union Cabinet Approves New Income Tax Bill: Key Highlights and Expected Changes

Last updated: 08 February 2025 Follow on Google News

The Union Cabinet on Friday approved the new Income Tax Bill, as per sources. The bill is set to replace the Income Tax Act, 1961 and aims to simplify and modernize India's tax system while making compliance easier for taxpayers. Key Features of the New Income Tax Bill No New Taxes: The bill w

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CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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