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Income Tax No.2 Bill Passed: Key Features Of New S.I.M.P.L.E Law Explained

The Income Tax (No 2) Bill, aimed at replacing the six-decade-old Income Tax Act of 1961, has been passed in the Lok Sabha, introducing a ‘S.I.M.P.L.E’ framework Streamlined structure and language, Integrated and concise, Minimised litigation, Practical and transparent, Learn and adapt, and Efficient tax reforms. Presented by Finance Minister Nirmala Sitharaman, the bill has been reworked based on 285 recommendations from a select committee led by

Finance & Economics

11 Aug 2025 09:55 AM 714 views

Income Tax No.2 Bill Passed: Key Features Of New S.I.M.P.L.E Law Explained

The Income Tax (No 2) Bill, aimed at replacing the six-decade-old Income Tax Act of 1961, has been passed in the Lok Sabha, introducing a ‘S.I.M.P.L.E’ framework Streamlined structure and language, Integrated and concise, Minimised litigation, Practical and transparent, Learn and adapt, and Efficient tax reforms. Presented by Finance Minister Nirmala Sitharaman, the bill has been reworked based on 285 recommendations from a select committee led by

Finance & Economics

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#indiataxnews

Income Tax No.2 Bill Passed: Key Features Of New S.I.M.P.L.E Law Explained

Income Tax No.2 Bill Passed: Key Features Of New S.I.M.P.L.E Law Explained

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Texas Capital Air Show canceled amid government shutdown, rescheduled for 2026

Krishna Janmashtami 2025: Date, Puja Timings, City-Wise Schedules, and Rituals for Devotees

Akash Bobba : The 22-Year-Old Indian-Origin Engineer in Elon Musk’s DOGE Team

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#indiataxnews

Income Tax No.2 Bill Passed: Key Features Of New S.I.M.P.L.E Law Explained

Income Tax No.2 Bill Passed: Key Features Of New S.I.M.P.L.E Law Explained

Texas Capital Air Show canceled amid government shutdown, rescheduled for 2026

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Akash Bobba : The 22-Year-Old Indian-Origin Engineer in Elon Musk’s DOGE Team

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Tesla catches fire inside Lewisville home garage, fire crews respond swiftly

Carter’s to close 150 stores and cut 15% of workforce amid rising tariffs

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The Three-Bucket Strategy: A Smart Way to Plan for a Secure Retirement

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