New Income Tax Bill mandates sharing ’access codes’ with tax officials during search and seizure, says Report | Mint

New Income Tax Bill mandates sharing ’access codes’ with tax officials during search and seizure, says Report | Mint

Source: Live Mint New Income Tax Bill: Finance Minister Nirmala Sitharaman tabled the long-awaited bill for the new tax code in the Lok Sabha on Thursday, February 13. While the new bill is a significantly shorter version of the Income Tax Act of 1961, it mandates that assessees would have to share their computer “…

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New Income Tax Bill, half the size of 1961 I-T Act, built on core ‘SIMPLE’ principles: What are they? | Mint

New Income Tax Bill, half the size of 1961 I-T Act, built on core ‘SIMPLE’ principles: What are they? | Mint

Source: Live Mint New Income Tax Bill 2025: The simplified Income Tax Bill, half the size of the 1961 Income Tax Act, seeks to achieve tax certainty by minimising the scope of litigation and fresh interpretation, said the Income Tax (I-T) department on Thursday, February 13. According to the I-T department, the tax bill aims…

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