New income tax bill: FM Nirmala Sitharaman to table the new I-T bill in Parliament on Thursday. Here is what it says

New Delhi, Feb. 12 -- The New Income Tax Bill, set to be presented in Parliament on Thursday, February 13, will span over 622 pages and aims to replace the six-decade-old Income Tax Act of 1961. Once passed, the proposed legislation will be called the Income Tax Act, 2025, and is expected to take effect in April 2026.

Published by HT Digital Content Services with permission from MINT....