this is the provision in the new Income Tax Bill

New Income Tax Bill introduced by Nirmala Sitharaman in Parliament, Opposition stages walkout
The new Income Tax Bill 2025 was tabled in the Lok Sabha on February 13, following which the Opposition MPs staged a walkout.
New Income Tax Bill 2025 Highlights: FM Nirmala Sitharaman introduced new I-T Bill in Lok Sabha
New Income Tax Bill 2025 Highlights: Union Finance Minister Nirmala Sitharaman presented the new Income-Tax Bill 2025 in Lok Sabha on Thursday. The I-T bill was announced during her Budget speech on February 1 and was approved by the Cabinet on February 7.
India to present new bill in Parliament to replace decades-old income tax law
India will introduce a new condensed version of its income tax law in the lower house of the Parliament on Thursday, which aims to simplify the six decades old rules that have led to a slew of litigations.
Parliament Budget Session 2025 Highlights: Finance Minister Nirmala Sitharaman to reply on Union Budget at 5 pm tomorrow
Parliament is likely to see another stormy session as Finance Minister Nirmala Sitharaman might table the New Income Tax Bill in Lok Sabha today. The Union Cabinet, chaired by Prime Minister Narendra Modi,
New income tax bill reaches Parliament: Finance Minister Nirmala Sitharaman tables I-T Bill 2025 in Lok Sabha
Finance Minister Nirmala Sitharaman introduced the Income Tax Bill 2025 in Lok Sabha, aiming to replace the 1961 Act. Set for implementation in April 2026, it seeks to simplify and consolidate tax laws,
Finance Minister Nirmala Sitharaman arrives in Parliament; to present Union Budget 2025 shortly
Union Finance Minister Nirmala Sitharaman on Saturday arrived at the Parliament with Union MoS Pankaj Choudhary and other officials. She will attend the Cabinet Meeting where the Union Cabinet will give its assent to the Budget after which the FM will present the Union Budget 2025 in Parliament.
Finance Minister Nirmala Sitharaman To Present Economic Survey In Parliament Today
The Economic Survey is prepared under the supervision of the Chief Economic Advisor V. Anantha Nageswaran and includes insights into the economy prepared by the economic division of the Department of Economic Affairs in the Ministry of Finance.
Income Tax Bill 2025 introduced in Lok Sabha; sent to select committee
Following cabinet approval, the new Income Tax Bill was introduced in Parliament on Thursday by Nirmala Sitharaman. This bill replaces the Income Tax Act of 1961 and aims to simplify India's tax system.
Priyanka Gandhi's jibe at Nirmala Sitharaman over Parliament address: ‘Which planet she…’
Nirmala Sitharaman said today that the Indian economy is witnessing a "speedy rebound" as far as growth is concerned.
India to stay world’s fastest growing economy despite global headwinds: FM Sitharaman in Parliament
There are issues which are of global concern which also have an impact on our own budget making, pointed the Union Finance ...
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Takeaways from India’s budget that slashes income tax on the salaried middle class to spur growth
Copyright 2025 The Associated Press. All Rights Reserved. Indian Finance Minister Nirmala Sitharaman shows a red pouch containing budget documents, as she arrives to ...
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Revamp of India's Income Tax Code: A Historic Shift
A new Income Tax bill will soon replace the outdated 1961 act. Finance Minister Nirmala Sitharaman announced this during her 2025-26 Budget speech, emphasizing a 'trust first, scrutinize later' ...
Budget 2025: Documents reach Parliament ahead of Nirmala Sitharaman's Budget presentation
Nirmala Sitharaman, India's first full-time woman Finance Minister, broke away from the colonial tradition of carrying a ...
India News Live Today February 14, 2025: Row erupts in Parliament after Waqf JPC submits its report on bill
Stay informed with our live blog covering India’s latest in politics, economy, crime, and general news. Get real-time updates ...