Day: February 20, 2025

Introduction Finance Minister Nirmala Sitharaman tabled the Income Tax Bill 2025 in the Lok Sabha on February 13, 2025. The new bill would replace the current Income Tax Act of 1961 and…

Extending the Time Limit to file the Updated Return in Budget 2025 Sub-section (8A) of section 139 of the Act relates to the furnishing of updated return. As per the present provisions,…