FinanceBill2025

Select Committee Recommends 285 Changes to IT Bill 2025

by
From 1961 to 2026: India Gears Up for a Modern Tax Law with IT Bill 2025

A significant overhaul of India’s tax system is underway with the proposed Income Tax Bill, 2025. The Select Committee tasked with reviewing the bill has submitted its report to the Lok Sabha, recommending 285 changes to simplify the legislation and make it more taxpayer-friendly. This report was presented to the Lok Sabha on Monday, July … Read more

Central Govt Pensioners Seek Assurance on 8th Pay Commission Inclusion

by
Central Govt Pensioners Seek Assurance on 8th Pay Commission Inclusion

Pensioners of the Central Government are worried they might be left out of the benefits from the 8th Central Pay Commission (CPC). This concern stems from a provision in the Finance Bill 2025, passed in March 2025, which seems to give the government the power to decide whether or not to extend pay fixation and … Read more