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Parliament To Discuss New Income Tax Bill In Monsoon Session: Sitharaman

Summary by NDTV Profit

The Parliament will take up the discussion on the New Income Tax Bill, which was introduced in the Lok Sabha in February, in the monsoon session, Finance Minister Nirmala Sitharaman said on Tuesday. The bill introduces the concept of the tax year, merging the current terms of the assessment year and the previous year. It also codifies a comprehensive framework for faceless assessments under Clause 273."This Budget session has introduced provisio…

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NDTV Gadgets 360

FM Says Access to WhatsApp Led to Seizure of Crypto Worth Rs. 90 Crore

Finance Minister Nirmala Sitharaman has been discussing India's economic reforms and future roadmap with Lok Sabha parliamentarians in New Delhi. This week, she defended a provision in the Income Tax Bill, 2025, that grants tax authorities access to WhatsApp messages and emails to track tax evaders and financial criminals. She cited a recent case where decrypting WhatsApp messages led to the seizure of over Rs. 90 crore in crypto assets from a s…

9 days ago

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Business Connect | Best Business magazine In India

Nirmala Sitharaman Defends New Income Tax Bill, 2025, Citing Digital Surveillance As Key To Combating Financial Frauds - Business Connect Magazine

Union Finance Minister Nirmala Sitharaman presented the new Income Tax Bill, 2025, in Parliament, emphasizing the crucial role of digital surveillance in tackling financial frauds. The proposed bill aims to replace the 60-year-old Income Tax Act of 1961 and is expected to take effect in April 2026. Nirmala Sitharaman Defends New Income Tax Bill, 2025, Citing Digital Surveillance as Key to Combating Financial Frauds Simplification and Modernizati…

9 days ago

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Tron Weekly Journal

India's New Tax Bill Targets Digital Assets! ₹90 Crore Crypto Seized

India’s 2025 Income Tax Bill grants sweeping digital access to authorities, sparking privacy fears among crypto users. The bill aims to close tax loopholes, targeting digital assets. FM Sitharaman revealed ₹340 crore in illicit assets uncovered via digital footprints, including WhatsApp. The government defends the bill as crucial for combating tax evasion. Crypto proponents in India criticize the bill’s surveillance powers, fearing it will deter…

9 days ago

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Odisha News In English

New IT Bill 2025 equipped to crackdown on black money! Details Inside

Bhubaneswar: The new Income Tax Bill 2025 introduced in the LoK Sabha On Feb 13, 2025 has included provisions to crack down on the black money generators. The Bill has included certain provisions to empower the IT sleuths to deal with the errant individuals who refuse to cooperate with the IT investigation.In a major revelation in Rajya Sabha, replying to a question by Trinamool Congress MP Ritabrata Banerjee, whether Income Tax officials will b…

10 days ago

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Interview Times

WhatsApp Messages Exposed ₹200 Crore Tax Evasion, Says Nirmala Sitharaman in Defense of Income Tax Bill

Union Finance Minister Nirmala Sitharaman on Tuesday defended the provisions of the Income Tax Bill, 2025, citing digital evidence as a crucial tool in uncovering tax evasion. Addressing the Lok Sabha, she revealed that WhatsApp messages helped expose ₹200 crore in unaccounted money linked to cryptocurrency transactions. Additionally, encrypted mobile messages led to the discovery of ₹250 crore in undisclosed income. Sitharaman highlighted how G…

10 days ago

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reportwire.in

New Income Tax Bill to Be Taken Up for Discussion in Monsoon Session: FM Sitharaman | Economy News – Report Wire

New delhi: Union Finance and Corporate Affairs Minister Nirmala Sitharaman on Tuesday Announced that the new income tax bill will be taken up for discusation during the monsoon session of parliament. Speaking Extensively About The Finance Bill 2025 in Parliament Today, Finance Minister Sitharaman Emphasized that the Bill Provides Unprectedned Tax RLIEF to Honor Taxpayers. The new income tax bill, Tabled in Lok Sabha by Sitharaman on February 13,…

11 days ago

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