Income Tax Bill 2025: Section 80C Deductions Shifted to Clause 123

Last updated: 15 February 2025

Finance Minister Nirmala Sitharaman introduced the new Income Tax Bill in the Lok Sabha on February 13, 2024, marking a major step towards overhauling India's tax laws. While the Bill does not propose changes to income tax slabs or the capital gains tax regime, it focuses on simplifying tax provisio

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