Parliament Clears New Income Tax Bill, Paving Way for Simpler Tax Regime from April 2026
Parliament on Tuesday passed the Income Tax Bill, 2025, marking the most significant overhaul of India’s direct tax legislation in over six decades. The Rajya Sabha returned the Bill to the Lok Sabha with a voice vote, completing its legislative journey. The new law will formally replace the Income Tax Act, 1961, and is set […]