Prøve GULL - Gratis
New Tax Law to Simplify Rules, Cut Litigation
Hindustan Times Haryana
|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.
Denne historien er fra February 04, 2025-utgaven av Hindustan Times Haryana.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Hindustan Times Haryana
Hindustan Times Haryana
WEST ASIA WAR AND ITS IMPACT ON ENVIRONMENT
What an extraordinarily tragic fortnight it has been.
1 min
March 16, 2026
Hindustan Times Haryana
War in Iran: Humpy may skip Candidates in Cyprus
The two-time world rapid champion says it doesn't make sense to play amid the tension in West Asia and wants FIDE to reschedule the event
3 mins
March 16, 2026
Hindustan Times Haryana
Wife recalls ordeal of Wangchuk's jail term
No more scary ticking clocks or jail visits but a long free flowing chat and an end of the ordeal, Gitanjali Angmo, the wife of climate activist Sonam Wangchuk, said on Sunday following his release from Jodhpur Jail on Saturday.
1 min
March 16, 2026
Hindustan Times Haryana
Successful UPSC candidates told to avoid self-promotion
WHILE SUCH ADVISORIES ARE ISSUED TO SUCCESSFUL CANDIDATES EVERY YEAR, THIS YEAR'S IS MORE DETAILED, OFFICIALS FAMILIAR WITH THE MATTER SAID
2 mins
March 16, 2026
Hindustan Times Haryana
Dravid, Binny and Mithali bag lifetime awards
BCCI president Mithun Manhas and secretary Devajit Saikia with lifetime achievement award winners Rahul Dravid and Roger Binny at BCCI’s Naman Awards 2026 in New Delhi on Sunday. ANI
2 mins
March 16, 2026
Hindustan Times Haryana
India on a hunt for fertilisers, from Morocco to Indonesia
Move is to shield farming as West Asia conflict looms over traditional supply
3 mins
March 16, 2026
Hindustan Times Haryana
Yamuna covered in pink froth, raising concerns over pollution
The Kalindi Kunj to Okhla barrage section of Yamuna in southeast Delhi is covered with iceberg-like pink coloured froth, which, experts say, indicates fusion of untreated dyes and waste from neighbouring illegal industries.
2 mins
March 16, 2026
Hindustan Times Haryana
7 INDIAN PILGRIMS KILLED IN NEPAL BUS ACCIDENT
A passenger bus carrying Indian pilgrims veered off the road and plunged down a slope in central Nepal, killing seven persons and injuring as many others, police said.
1 min
March 16, 2026
Hindustan Times Haryana
ROHTAK ROAD DRAIN PROJECT IN FINAL STAGE: PARVESH VERMA
Delhi public works department (PWD) minister Parvesh Verma on Sunday said the stormwater drain project along the Rohtak Road in west Delhi is in its final stage and will soon bring long-awaited relief to thousands of residents in the area facing waterlogging during monsoon.
1 min
March 16, 2026
Hindustan Times Haryana
Oil from emergency stocks to flow immediately in Asia: IEA
The International Energy Agency said oil from an unprecedented stockpile release will be made available immediately in Asia, where buyers are clamouring to replace barrels lost to war-related disruptions in West Asia.
1 mins
March 16, 2026
Listen
Translate
Change font size