Lok Sabha Passes Income Tax (No 2) Bill: Aiming to Make Tax Laws āS.I.M.P.L.Eā
The Lok Sabha on Monday approved the Income Tax (No 2) Bill, 2025, marking a significant step as this would replace the complex, six-decade-old Income Tax Act of 1961. It will make it a more streamlined and comprehensible framework. The bill, which Finance Minister Nirmala Sitharaman has been titled as a āS.I.M.P.L.Eā law, passed without…