https://www.taxtmi.com/news?id=33780 The Income Tax Bill, 2025 replaces 'previous year' and 'assessment year' with a single tax year, repeals and replaces the Income-tax Act, 1961, consolidates TDS provisions under a single clause with tables, clarifies ESOP taxation, moves non total incomes into schedules, removes redundant provisos and explanations, and includes a Taxpayer's Charter; the Bill will be introduced in Parliament and referred to the Standing Committee prior to coming into force. en-us Wed, 12 Feb 2025 17:16:02 +0530 Thu, 13 Feb 2025 17:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=33780 The Income Tax Bill, 2025 replaces 'previous year' and 'assessment year' with a single tax year, repeals and replaces the Income-tax Act, 1961, consolidates TDS provisions under a single clause with tables, clarifies ESOP taxation, moves non total incomes into schedules, removes redundant provisos and explanations, and includes a Taxpayer's Charter; the Bill will be introduced in Parliament and referred to the Standing Committee prior to coming into force. News - Wed, 12 Feb 2025 17:16:02 +0530 https://www.taxtmi.com/news?id=33780