India's No.1 PU & Degree With Integrated IAS & IPS(UPSC/PSC) Training College.
Syllabus: GS 3: Indian Economy Why in the News? Recently, the Union Finance Minister introduced the Income-Tax Bill, 2025, aiming to replace the Income-Tax Act, 1961. The bill seeks to simplify tax laws but raises concerns over legal complexities and expanded government powers. Income-Tax Bill, 2025: Reform or Mere Repackaging? Union Finance Minister introduced the …
Read MoreWhy in the news? The Union Budget 2025 raised the Nil Tax Slab to ₹12 lakh, offering tax-free income up to ₹12.75 lakh for salaried individuals, along with new tax slabs to reduce the financial burden on taxpayers. Key Highlights: Finance Minister Nirmala Sitharaman presented the first full-fledged budget of the NDA government’s third term …
Read MoreWhy in the news? The Income Tax Department has extended the Vivad Se Vishwas scheme deadline to January 31, 2025, allowing taxpayers more time to settle tax disputes and avoid penalties under the scheme. Income Tax Department Extends ‘Vivad Se Vishwas’ Scheme Deadline: Extension of Deadline: The Income Tax Department has extended the deadline for …
Read More
