मैगज़्टर गोल्ड के साथ असीमित हो जाओ
10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
कोशिश गोल्ड - मुक्त
New tax law to simplify rules, cut litigation
Hindustan Times Bengaluru
|February 04, 2025
Finance secretary Tuhin Kanta Pandey—the top bureaucrat in the finance ministry—was tasked by finance minister (FM) Nirmala Sitharaman with working out the nuts and bolts of the Union Budget's most popular announcement, revamping personal income-tax, apart from finalising the draft of the new income-tax bill which is expected in the current session of the Parliament.
NEW DELHI: In a conversation with Rajeev Jayaswal, he spoke about the letter and spirit of the new tax legislation. Edited excerpts:
The finance minister announced to bring a new income tax legislation. What was the process and aims of drafting this new bill?
The Budget announced that a new bill will be brought that will be much simpler. It will be close to half of the current Income-Tax Act. This is in line with the FM's July 23, 2024 announcement that simplification of the Income-tax Act is to be completed within six months. Then we formed 26 subcommittees and review committees.
यह कहानी Hindustan Times Bengaluru के February 04, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
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Footnotes no more: What next for Associates?
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Lucknow drum murder: Cops try to identify trigger moment
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Cabinet nod to rename Kerala as 'Keralam'
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1 min
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W DELHI CRICKET SCUFFLE: MINORS KILL 15-YR-OLD BOY
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1 min
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TATA SONS TUSSLE: BOARD VOTE ON CHANDRA'S NEW TERM DEFERRED
The board of Tata Sons on Tuesday deferred a decision on reappointing N Chandrasekaran as chairman for five more years, from February 2027 when his current term ends, after objections from Tata Trusts chairman Noel Tata, two executives aware of the matter said.
1 min
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HPV vaccination drive for girls aged 14 soon
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2 mins
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Powergrid's equity investment limit hiked to ₹7,500/subsidiary
The Cabinet Committee on Economic Affairs (CCEA, chaired by Prime Minister Narendra Modi, on Tuesday approved the increase of the equity investment limit of Powergrid to ₹7,500 crore per subsidiary from the current threshold of ₹5,000 crore per subsidiary.
1 min
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Hindustan Times Bengaluru
MSP ON RAW JUTE INCREASED TO ₹5,925 PER QUINTAL
The Cabinet Committee on Economic Affairs (CCEA) on Tuesday approved minimum support prices (MSP) for raw jute at ₹5,925 per quintal (100 KG) for the marketing season 2026-2027, a 4.8% increase over ₹5,650 per quintal in 2025-26
1 min
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4-month-old twins, 4 year-old kids among 6 dead in Meerut house fire
Six members of a cloth trader's family, including four-month-old twin sisters and three other children, died in a fire caused by a suspected electrical malfunction at their three-storey house in Meerut, officials said on Tuesday.
1 min
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Hindustan Times Bengaluru
6 of a family, including 5 kids, killed in Meerut building fire
At least six members of a family, including five children, died and one woman was injured after a fire broke out following a suspected short circuit in a three-storey residential building in the Lisari Gate area of Uttar Pradesh's Meerut on Monday, police said on Tuesday.
1 mins
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