Nirmala Sitharaman introduces new Income Tax Bill, proposes it be sent to select committee
The Union finance minister says in the Lok Sabha that ‘substantial’ changes are being made to the Income Tax Act 1961.
Income Tax Bill 2025: How will be your property, co-owned property taxed under the new bill
The new Income Tax Bill 2025 revises the method of determining a property's annual value, stating that it will be calculated based on the higher value between the reasonable expected rent or the ...