The new Income Tax Bill 2025, which is likely to be tabled in the Parliament on February 13, aims to simplify the terminology used in tax laws in India.

Hindustan Times

New Delhi

Delhi Division

Delhi

India

New Income Tax Bill 2025: What is ‘tax year’ and how is it different from 'assessment year?

Government to introduce new income tax reform Bill and table Waqf Amendment Bill JPC report on February 13, 2025;

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The Hindu

The Hindu Group

Govt. set to introduce new Bill on income tax law reforms

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HT Media

The Income Tax Bill, 2025, introduces a streamlined tax regime with revised slabs and lower compliance burdens while imposing stricter penalties for violations. Designed to boost growth amid global challenges, the bill aligns with India's investor-friendly strategy. This overview explores key measures and their potential impact on taxpayers and the economy.

The Economic Times

Sahu Jain family

India’s New Income Tax 2025 blueprint: Simpler taxes, stricter penalties

The terms Previous Year and Assessment Year will be replaced by a simplified Tax Year concept.

Deccan Herald

Karnataka

Explained | What is Tax Year in the new Income Tax Bill

STATE TIMES NEWS New Delhi: The government has listed a bill to consolidate and amend the law relating to income-tax for introduction in the Lok Sabha on Thursday.According to the agenda circulated by the Lok Sabha secretariat on Wednesday, Finance Minister Nirmala Sitharaman will introduce the Income-Tax Bill, 2025.The much-anticipated Bill will replace terminologies like assessment and previous year with easier to understand ‘tax year’ as part…

State Times

Govt lists Income-Tax Bill, 2025 for introduction in LS today

The government is going to bring a new Income Tax Bill 2025 with the aim of creating a transparent, efficient and business-friendly environment in the country. It is believed that this bill can be introduced in Parliament on Thursday and it will replace the old Income Tax Act, 1961, which has become outdated at present and has become very complicated due to frequent amendments. In the new Income Tax Bill 2025, the government has emphasized on re…

सरकार देश में पारदर्शी, दक्ष और बिजनेस-फ्रेंडली माहौल तैयार करने के उद्धेश्य से नया इनकम टैक्स बिल 2025 लाने जा रही है. माना जा रहा है कि यह बिल गुरुवार को संसद में पेश किया जा सकता है और यह पुराने इनकम टैक्स कानून, 1961 की जगह लेगा, जो कि मौजूदा समय में पुराना पड़ चुका है और बार-बार संशोधनों के कारण काफी पेचीदा हो गया है. नए इनकम टैक्स बिल 2025 में सरकार ने सुधारों और कानून को सरल बनाने पर जोर दिया है. नए इनकम टैक्स बिल 2025 में सेक्शन की संख्य…

Explained Why Income-Tax Bill 2025 is a much-needed reform

Asian News

Have you ever wondered why it takes a tax expert to understand your tax obligations? With over 600 amendments across 66 budgets, India’s current Income Tax Act of 1961 has become a labyrinth of complexity. But change is on the horizon: the new Income Tax Bill 2025 promises to revolutionize India’s tax landscape with its 536 sections spread across 622 pages. Yesterday’s Rules, Tomorrow’s Reality: The Evolution of Tax Laws India’s tax system has l…

New Income Tax Bill 2025: What is ‘tax year’ and how is it different from 'assessment year?

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