Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag India withdraws and revises its 2025 Income Tax Bill to simplify laws and address taxpayer concerns.

flag The Indian government has withdrawn the Income Tax Bill, 2025, and plans to reintroduce a revised version on August 11, incorporating changes recommended by a Select Committee. flag This aims to replace the existing Income-Tax Act of 1961, simplifying tax laws and easing compliance for taxpayers. flag The revised bill will address issues like tax refunds for late returns and exemptions for anonymous donations to religious trusts, while maintaining the original goal of updating the tax system.

55 Articles

Further Reading