New Income Tax Bill 2025 Passed in Parliament: Key Features, What Changes

Revised Income Tax Bill 2025 explained

Union finance minister Nirmala Sitharaman on August 11 introduced the revised Income Tax Bill 2025 in the Lok Sabha. Since there are changes in how we pay Income Tax every year, this year there are 10 major changes to the bill. The Bill was revised based on the 285 recommendations made by the select committee in Lok Sabha in July. The recommendations proposed reforms to the Bill introduced during the budget session in February. Also ReadNew I-T …

New Income Tax Bill 2025 passed in Parliament: key features, what changes

New Income Tax Bill 2025 Passed, Key Changes, Refund Rules: Parliament on Tuesday passed a new income tax Bill to replace the six-decade-old Income Tax Act, 1961. The Bill is likely to come into effect from April 1, 2026. Here's all you need to know

Explained: Four Income Tax Act amendments applicable in FY26

New Delhi: The government has introduced four amendments to the Income Tax Act, 1961, relevant for FY 2025-26, but included in the Income Tax Bill, 2025, applicable for FY 2026-27, Union Finance Minister Nirmala Sitharaman has said.  The major amendment grants tax exemption on dividends, interest, and long-term capital gains to sovereign wealth funds and pension funds investing in infrastructure from April 1, 2020, to December 31, 2030, subject …

Income Tax Bill 2025: A Milestone Reform Empowering India’s Cooperative Sector

Ministry of Cooperation, Government of India Driving Inclusive Tax Benefits for Growth Authored Article by Dr.S.L.N.T.Srinivas Expert in Cooperative Governance & Management Member, All India Authors Group Ministry of Cooperation, Govt. of India KARIMNAGAR, AUGUST 13, 2025:  The Lok Sabha’s passage of the Income Tax Bill, 2025, marks one of the most comprehensive transformations of India’s direct tax laws in over sixty years. While the reform spa…

New Income Tax Bill 2025: Here’s What CA, CS, CMA Students Must Know for May 2027 and Beyond

New Income Tax Bill 2025: Here’s What CA, CS, and CMA Students Must Know for May 2027 and Beyond The Lok Sabha has officially passed the revised version of the Income Tax Bill 2025. The amendments in the bill will be made effective from April 01, 2026 (financial year 2026-27 or assessment year 2027-28). Meaning, […]

New Income Tax Bill: UPS to Get Tax Benefits Like NPS, But No Return of OPS

New Income Tax Bill: The central government has also included the tax exemptions and essential facilities given in the National Pension Scheme (NPS) in the newly launched Unified Pension Scheme (UPS). There is no proposal under consideration to restore the Old Pension Scheme (OPS) for central employees. The central government has also included the tax exemptions and essential facilities given in the National Pension Scheme (NPS) in the newly lau…