New Income Tax Bill 2025 (AI image) New Income Tax Bill 2025: Finance Minister Nirmala Sitharaman has tabled the New Income Tax Bill in Lok Sabha on Thursday, comprising 536 clauses across 622 pages, with an aim to replace the existing 823-page law that has been in effect for 64 years. The New Income Tax…
The Union Cabinet approved the New Income Tax Bill on Friday. New Income Tax Bill LIVE: Finance Minister Nirmala Sitharaman may table the New Income Tax Bill in the Parliament on Tuesday. The intention to introduce the New Income Tax Bill was first announced by FM Sitharaman in her Union Budget 2025 speech.The Union Cabinet…
A Budget is as much a political as an economic exercise. And you didn’t need to look any farther than this one for evidence.Delhi votes on Wednesday, Bihar in Oct or Nov this year. The Budget has gone the extra nine yards to woo them. For Delhi – India’s richest city by per capita income…
Finance Minister Nirmala Sitharaman announced a tax bonanza for India’s middle class. The FM unveiled what are being termed as “transformative” tax reforms that ranged from a simpler income tax law to higher TCS threshold for remittances and income tax benefits for the middle class. “The new tax structure would substantially reduce tax for the…
Budget 2025 date, time: The first phase of the Parliament’s Budget session starts on January 31, 2025. Budget 2025 speech date, time: Finance Minister Nirmala Sitharaman is set to deliver the Union Budget 2025 speech this week in Parliament during the Budget session that commenced today. The first phase of the Parliament’s Budget session starts…
The Economic Survey is a comprehensive report prepared by the Economic Division of the Department of Economic Affairs. (AI image) Economic Survey 2025: Finance Minister Nirmala Sitharaman will present the Economic Survey 2024-25 before the Union Budget 2025 in Parliament today. The Budget session commences on January 31, 2025, with the Budget presentation scheduled for…
NEW DELHI: Finance minister Nirmala Sitharaman is set to introduce a bill for a new direct tax law in the budget session, which will focus on simplification of the provisions, doing away with the ones that are redundant and attempt to make the language more layman friendly.The committee tasked with the revision, is deciding if…
NEW DELHI: Finance minister Nirmala Sitharaman Tuesday said public sector banks are now safe, stable, healthy, and showing “exceptional performance”, as Lok Sabha passed crucial amendments to banking laws, which among other things provides for up to four nominees in all bank accounts.The move is meant to ensure that successors of an account-holder or someone…
MUMBAI: Finance minister Nirmala Sitharaman on Monday called for bank interest rates to be “far more affordable”, arguing that several people found the cost of borrowing “very stressful”.Making a case for lower lending rates, she said that India required its businesses to ramp up and invest in new facilities so that the goal of “Viksit…
NEW DELHI/MUMBAI: Finance minister Nirmala Sitharaman on Monday nudged state-run banks to step up deposit mobilisation and conduct special drives so that it can keep pace with the growth in loans.The minister’s comments at a meeting with public sector bank chiefs came amid data by SBI Research suggesting that bank deposits, traditionally favoured for their…
