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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 amendment specifies a 3 per cent interest rate on such shortfalls, bringing the clause in line with provisions under the Income Tax Act, 1961. The amendment specifies a 3…
Last Updated:August 11, 2025, 07:31 is Union Finance Minister Nirmala Sitharaman will introduce the revised Income-tax Bill, 2025, in the Lok Sabha Union Finance Minister Nirmala Sitharaman. (File) Parliament News Today: Union Finance Minister Nirmala Sitharaman will introduce the revised Income-tax Bill, 2025, in the Lok Sabha today, replacing the original draft tabled on February…
New Delhi: The Income-Tax Bill, 2025, which was introduced in Parliament earlier this year (on February 13) to replace the old Income-Tax Act of 1961, has now been withdrawn. A revised version of the bill will be introduced on August 11. The new version includes most of the 285 suggestions made by a special committee…
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