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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 715 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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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

Economist Radhika Pandey Passes Away at 46 After Emergency Liver Transplant Complications

India Thrashes Malaysia 8-1 in Asian Champions Trophy 2024: Rajkumar Pal's Hat-Trick Highlights Dominant Victory

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YS Sharmila arrested by AP Police

Janet Petro Appointed Acting NASA Administrator, First Woman in Role

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Dangerous air from Canada wildfires blankets U.S. Midwest, travels as far as Europe

Undavalli Arun Kumar’s Political Shift: Endorsing Pawan Kalyan Over Jagan Mohan Reddy for Andhra Pradesh’s Future

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Economist Radhika Pandey Passes Away at 46 After Emergency Liver Transplant Complications

India Thrashes Malaysia 8-1 in Asian Champions Trophy 2024: Rajkumar Pal's Hat-Trick Highlights Dominant Victory

Supreme Court Orders Liquidation of Jet Airways, Overturns Tribunal Decision

YS Sharmila arrested by AP Police

Janet Petro Appointed Acting NASA Administrator, First Woman in Role

Hyderabad Luxury Car Dealer Held in Rs 100 Cr Import Scam

Lashkar-e-Taiba Commander Junaid Bhat Killed in Kashmir Gunfight

Dangerous air from Canada wildfires blankets U.S. Midwest, travels as far as Europe

Undavalli Arun Kumar’s Political Shift: Endorsing Pawan Kalyan Over Jagan Mohan Reddy for Andhra Pradesh’s Future

RBI Recruitment 2025: Apply for Medical Consultant Post

#msmedefinition

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

Economist Radhika Pandey Passes Away at 46 After Emergency Liver Transplant Complications

India Thrashes Malaysia 8-1 in Asian Champions Trophy 2024: Rajkumar Pal's Hat-Trick Highlights Dominant Victory

Supreme Court Orders Liquidation of Jet Airways, Overturns Tribunal Decision

YS Sharmila arrested by AP Police

Janet Petro Appointed Acting NASA Administrator, First Woman in Role

Hyderabad Luxury Car Dealer Held in Rs 100 Cr Import Scam

Lashkar-e-Taiba Commander Junaid Bhat Killed in Kashmir Gunfight

Dangerous air from Canada wildfires blankets U.S. Midwest, travels as far as Europe

Undavalli Arun Kumar’s Political Shift: Endorsing Pawan Kalyan Over Jagan Mohan Reddy for Andhra Pradesh’s Future

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