Union Finance Minister Nirmala Sitharaman will present the updated Income Tax Bill, 2025 in the Lok Sabha on Monday, following the clearance of the revised draft by a Select Committee. The bill ...

The Finance Ministry has issued a corrigendum to correct a drafting error in the newly introduced Income Tax Bill, 2025, clarifying the penal interest on shortfalls ...

New Delhi: The Finance Ministry has issued a corrigendum to the Income Tax Bill, 2025, clarifying the interest applicable on short payment of advance tax.

The New Income Tax Bill 2025 aims to avoid confusion from multiple versions and ensure a single, updated draft is considered by the House.