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The government plans to introduce the much-anticipated New Income Tax Bill in Parliament on Thursday (February 13), said the sources.

Government is likely to table over 600-page long New Income Tax Bill in Parliament on Thursday

Key Highlights of New Income Tax Bill to Be Introduced in Parliament

New Income Tax Bill to Be Introduced in Parliament: Key Highlights

New Income Tax Bill to Replace 1961 Act is likely to introduced this week.

New Income Tax Bill to Replace 1961 Act: Aims for Simplicity and Clarity

The Income Tax Department recently sent Notices to Salary Taxpayers against claiming fake deductions/exemptions while filing ITR.

Income Tax Department sends Notices to Salary Taxpayers claiming Fake Deductions/ Exemptions

The State Finance Minister in a written reply to a question raised in Lok Sabha said, “8,39,73,416 Filed ITR out of which 5,57,95,391 Filed Zero Tax Liability ITR.”.

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Download New Income Tax Bill

Government is likely to table over 600-page long New Income Tax Bill in Parliament on Thursday

New Income Tax Bill to Be Introduced in Parliament: Key Highlights

New Income Tax Bill to Replace 1961 Act: Aims for Simplicity and Clarity

Income Tax Department sends Notices to Salary Taxpayers claiming Fake Deductions/ Exemptions

8,39,73,416 Filed ITR out of which 5,57,95,391 Filed Zero Tax Liability ITR upto December 2024