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

Last updated: 08 February 2025


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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Category Income Tax   Report

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