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Govt Withdraws I-T Bill in Lok Sabha
Financial Express Lucknow
|August 09, 2025
Referring to over 330 changes to the original Bill recommended by the panel, select committee chair Baijayant Panda had told FE that a few hundred more words could bring total clarity, further simplify tax compliance and help expand India's taxpayer base.
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With regard to long-term capital gains (LTCG), the revised Bill will likely address some confusion over the applicability of the 18.5% (instead of 12.5%) alternate minimum tax (AMT) provision on LLPs which are not claiming any deductions. In the existing I-T Act, it applied to LLPs claiming certain deductions only. Since the Bill is only for simplification and not for policy change, this would be suitably addressed, sources said.
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FLERE HISTORIER FRA Financial Express Lucknow
Financial Express Lucknow
NHAI will raise ₹9,270-cr via TOT; IRB Infra wins bid
IN THE FIRST highway monetisation deal of the current financial year, the National Highways Authority of India (NHAI) will raise 9,270 crore, with the letter of award being issued to IRB Infrastructure last week for three highway stretches of total length of 333.4 km in Uttar Pradesh.
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November 20, 2025
Financial Express Lucknow
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2 mins
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Financial Express Lucknow
Mizuho seeks aggressive India expansion
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Financial Express Lucknow
Chinese AI university tops Harvard, MIT in patent race
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3 mins
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Financial Express Lucknow
SC strikes down key tribunals Act terms
IN A MAJOR jolt to the Centre, the Supreme Court on Wednesday struck down key provisions of the 2021 Tribunals Reforms law related to appointment, tenure,and service conditions of tribunal members and presiding officers, saying \"Parliament cannot simply override judicial decision by reenacting\" these with minor tweaks.
1 min
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Financial Express Lucknow
Sensex tops 85,000 after over a year
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1 min
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Financial Express Lucknow
Banks seek more leeway in acquisition financing
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1 min
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Financial Express Lucknow
Sarvam.ai to launch India's first LLM by early next year
SARVAM.AI PLANS TO roll out India’s first homegrown foundational large language model (LLM) in the next couple of months, co-founder Vivek Raghavan said.
1 min
November 20, 2025
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