August 10, 2025
Govt to Launch Fresh Income Tax Bill with 285 Key Changes, Simplifying Tax Laws for All
The government plans to bring a new, clearer Income Tax Bill on Monday. This updated bill includes 285 suggestions from a special committee, aiming to replace the 1961 law with simpler, easier tax rules. Finance Minister Nirmala Sitharaman withdrew the old bill as Parliament was disrupted before.