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08May 2025

Revised ITR Forms for FY25: Key Changes

“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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03May 2025

NSE Launches Nifty WAVES Index for Media

NSE Launches Nifty WAVES Index for Media Why in the News ? The National Stock Exchange (NSE) has introduced the Nifty WAVES Index, covering 43 listed firms in India’s media, entertainment, and gaming sectors, to provide sectoral insights and reflect the growth potential of India’s creative economy. About Nifty WAVES Index: Launched by NSE at …

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14Feb 2025

Income-tax Bill, 2025: Simplifying India’s Direct Tax Framework

Syllabus: GS-3: Mobilization of Resources , Fiscal Policy Focus: The Income-tax Bill, 2025, introduced in the Lok Sabha, aims to replace the Income-tax Act, 1961, by removing outdated provisions, simplifying tax laws, and reducing litigation. It introduces clear tabular formats, eliminates redundant sections, and replaces the ‘Assessment Year’ with ‘Tax Year’, ensuring a more transparent …

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