Union Finance Minister Nirmala Sitharaman introduced the Income Tax Bill in the Lok Sabha on Thursday. If the Income Tax Act 2025 bill becomes law, the existing law of 1961 will be repealed.
RBI has taken a new initiative to improve the security of digital transactions to prevent cyber fraud. RBI Governor Sanjay Malhotra said this at a press conference after the meeting of the MPC.
Finance Minister Nirmala Sitharaman has made a big announcement about income tax in the Union Budget. She said, Income up to Rs 12 lakh will not be taxed.
