Try GOLD - Free
I-T Bill: Panel Proposes Key Changes
The New Indian Express Dharmapuri
|July 22, 2025
LS panel recommends over 30 key changes including in definitions, deductions, among others
The 31-member select committee of Lok Sabha on the Income Tax Bill, 2025 has recommended over 30 key changes in the bill, suggesting changes in definitions, clarification on various deductions as well as reinstatement of a few provisions dropped in the bill. The report by the committee headed by BJP leader Baijayant Panda was presented in the Lok Sabha on Monday.
The Committee has suggested changes in definition of capital asset, infrastructure capital company, MSME, while clarifying property-related deductions, and reinforcing the 'actual payment' rule for business expenses.
This story is from the July 22, 2025 edition of The New Indian Express Dharmapuri.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express Dharmapuri
The New Indian Express Dharmapuri
BJP & Cong spar over court order in National Herald case
Political vendetta: Kharge
1 mins
December 18, 2025
The New Indian Express Dharmapuri
Ratle power project in J&K set to face 2-yr delay
THE hopes of relief from power outages in electricity-deficit Jammu and Kashmir have dimmed as the 850-MW Ratle hydroelectric power project in Kishtwar district is set to face a delay of more than two years in its commissioning.
2 mins
December 18, 2025
The New Indian Express Dharmapuri
Snicko admits operator error led to Carey’s reprieve
THE operator of the Snicko technology being used in the Ashes has admitted an error led to a reprieve for Australia’s Alex Carey on the first day of the third Test in Adelaide on Wednesday.
2 mins
December 18, 2025
The New Indian Express Dharmapuri
Festival hopping in Jaipur: Winter edition
For those of you who have done their fair share of exploring the Pink City, can enjoy the destination through these cultural events...
1 mins
December 18, 2025
The New Indian Express Dharmapuri
WHEN ALL ABOARD ARE FLYING BLIND
THE IndiGo turbulence has again brought the issues of corporate governance and marquee boards into public discourse.
4 mins
December 18, 2025
The New Indian Express Dharmapuri
Eternal's Goyal, Nykaa founder Nayar in Hurun India's Top 10 'self-made' list
DEEPINDER
1 mins
December 18, 2025
The New Indian Express Dharmapuri
Cancel green nod for building: PIL in marshland case
Court stays cancellation of licence in Coldrif case
1 mins
December 18, 2025
The New Indian Express Dharmapuri
'Excessive fog' leads to T20I abandonment
BY the time the fourth T20I between India and South Africa in Lucknow was officially called off on Wednesday, two and a half hours had passed.
2 mins
December 18, 2025
The New Indian Express Dharmapuri
No truck with Ajit’s NCP in BMC polls over Malik: BJP
THE BJP said on Wednesday that it will not have a tie-up with its MahaYuti ally NCP for the Brihanmumbai Municipal Corporation (BMC) elections as Deputy CM Ajit Pawar’s party has named Nawab Malik, an accused in a money laundering case linked to gangster Dawood Ibrahim’s aides, as the poll in-charge.
1 min
December 18, 2025
The New Indian Express Dharmapuri
At Alpine SG Pipers, a great team comes with caveat – 3 for Candidates
AFTER the second day of the Global Chess League on Monday, just when Alpine SG Pipers’ team bus had pulled up at the hotel to drop the players off, Fabiano Caruana and Anish Giri were sitting side by side next to the door.
2 mins
December 18, 2025
Listen
Translate
Change font size