Finance Minister Nirmala Sitharaman to introduce new income tax bill, replacing old I-T Act, after Cabinet approval.

The new income tax law, which will replace the six-decade-old Income Tax Act, is expected to be introduced in the Lok Sabha next week, according to Finance Minister Nirmala Sitharaman's statement on ...

The Finance Minister had first announced a comprehensive review of the Income-Tax Act, 1961 in the July 2024 Budget.

Finance Minister expects consumption recovery, while RBI Governor monitors rupee depreciation impact on inflation and ...

Finance Minister Nirmala Sitharaman emphasised that while the government is committed to boosting local manufacturing by ...

Sitharaman had announced an income tax reform, allowing zero income tax for those earning up to ₹12 lakh. The RBI then ...

The new Income Tax Bill is a key element of the regulatory reforms announced by finance minister Nirmala Sitharaman in her ...

Finance Minister Nirmala Sitharaman today announced that the Cabinet has approved new income tax proposals, which will be ...

As the Delhi Assembly Election results unfold, the impact of Nirmala Sitharaman’s recent tax cuts is under scrutiny. Did the BJP’s focus on the middle class alter voter preferences in a city where ...

With the middle class forming 67.16 percent of Delhi’s population—roughly 28.26 lakh households—political parties had every ...

Union Cabinet approves new income tax bill; new bill seeks to make direct tax law simple to understand and not to impose any ...

In this week's newsletter, also read about the impact of RBI's rate cut, Yotta Data Services' plans for the AI revolution in ...