The Union finance minister says in the Lok Sabha that ‘substantial’ changes are being made to the Income Tax Act 1961.

The Joint Parliamentary Committee's (JPC) report on the Waqf (Amendment) Bill formed the basis for a fresh flashpoint between ...

The proposed bill does not change tax rates. Instead, it focuses on three key improvements: simplifying language for better ...

The current Income-tax Act was enacted in 1961 and came into existence with effect from April 1, 1962. It has been amended ...

Union Finance Minister Nirmala Sitharaman introduced the Income Tax Bill, 2025, in the Lok Sabha on Thursday and urged ...

In a significant step towards tax reform, Union finance minister (FM) Nirmala Sitharaman on Thursday introduced the Income ...

The finance minister says that while in 1961 the present law had fewer sections, after a series of changes over the years it ...

The committee will submit its report by the first day of the next session, FM Sitharaman said, adding that the Speaker shall ...

After presenting the income tax bill the Finance Minister asked the Lok Sabha Speaker Om Birla to nominate members for a ...