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Lok Sabha Passes Income-Tax and Taxation Laws Bills Why in the News? The Lok Sabha passed the Income-Tax (No. 2) Bill, 2025 and the Taxation Laws (Amendment) Bill, 2025 through a voice vote amid opposition protests from the treasury benches, marking a significant step in simplifying and reforming India’s tax framework. Reform Journey and Legislative …
Read More“Revised ITR Forms for FY25: Key Changes” Syllabus: GS-2:Government Policies & Interventions GS-3:Growth & DevelopmentPlanningGovernment BudgetingFiscal Policy Focus: The Indian government has introduced significant changes in the Income Tax Return (ITR) forms for the Assessment Year 2025-26 to simplify tax filing processes and improve transparency. The updates focus on capital gains, tax-saving investments, allowances, and …
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