Why Is Income Tax Making Headlines in India Today, March 07, 2025?
Why Is Income Tax Making Headlines in India Today, March 07, 2025? Income tax is rarely out of the spotlight in India, but today—March 07, 2025—it’s buzzing louder than usual. From whispers of intrusive new powers for tax officers to looming deadlines and economic shifts, the topic is dominating conversations across newsrooms, social media, and living rooms. Here’s the latest on why income tax is stealing the show, backed by the freshest data and a skeptical eye on what’s really at play. https://www.amazon.in/dp/B0D7VGZS69/ref=cm_sw_r_as_gl_apa_gl_i_dl_VZN3VDR5ABT1XAPYWD79?linkCode=ml2&tag=ruralnoteblog-21 The Big Story: Income Tax Bill 2025 and Privacy Concerns The headliner today is the Income Tax Bill 2025, a proposed overhaul of the six-decade-old Income Tax Act of 1961. Introduced by Finance Minister Nirmala Sitharaman last month, this bill promises simplification—fewer words (down from 512,535 to 259,676), a shiny new “tax year” term replacing the confusing “assessment ...