Budget 2025: फ़ाईनेंस मिनिस्टर निर्मला सीतारमण 1 फरवरी, 2025 को देश के सामने अपना 8वां आम बजट पेश करने वाली हैं. बजट 2025 में सरकार नया इनकम टैक्स बिल लाने की तैयारी कर रही है.
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#budget2025 #unionbudget2025 #nirmalasitharaman #news #unionbudget #budget2025expectations #businessnews #todaynews #incometax #indiabudget2025 #budget2025news #budgetexpectations #budget2025incometax #budget2025india
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NewsTranscript
00:00Finance Minister Nirmala Sitharaman is going to present her 8th Aam Budget to the country on 1st February 2025.
00:12In Budget 2025, the government is preparing to introduce a new Income Tax Bill.
00:18This means that the 64-year-old law related to the country's Income Tax can be changed.
00:25The bill's aim is to make the existing Income Tax law easy to understand and reduce the number of pages by 60%.
00:36Finance Minister Nirmala Sitharaman announced the review of the 60-year-old Income Tax Act of 1961 within 6 months in the July Budget.
00:46So come, let's tell you in this video what kind of things are coming up regarding this.
00:52The sources say that the new Income Tax law will be presented in the Budget Sector of the Parliament.
00:58This will be a new law, not an amendment to the existing law.
01:03At present, the Law Ministry is considering the draft of the law and it will be presented in the Parliament in the second section of the Budget Session.
01:12The Budget Session will run from 31 January 2025 to 4 April 2025.
01:17After the Budget Announcement by the Finance Minister for the Review of the Income Tax Act of 1961,
01:24CBTT formed a Committee to make the Review, Review and Act precise, clear and easy to understand.
01:33This will reduce controversy and litigation and taxpayers will get more tax certainty.
01:40In addition to this, 12 special sub-committees have been established for the review of various aspects of the Act.
01:47The Income Tax Department has also received 6,500 suggestions from stakeholders for the review of the Act.
01:53The sources have said that apart from Direct Taxes such as Personal Income Tax, Corporate Tax, Security Transaction Tax,
02:01Gift and Property Tax-related Income Tax Act of 1961, there are approximately 298 chapters and 23 chapters.
02:10The sources have said that the effort is to reduce the amount of tax by approximately 60%.
02:16Sita Raman had said in her Budget Session in July 2024 that the aim of the review is to make the Act precise, clear and easy to read and understand.
02:27She had said that this will reduce controversy and litigation and taxpayers will get tax certainty.
02:34This will also reduce the confusion in litigation and it is proposed to be completed in 6 months.
02:41Looking at different sectors, people have different expectations for the Budget 2025.
02:46Now if we talk about taxpayers and the middle class, this news is very important for them.
02:53It is expected that there will be major changes to the Income Tax Bill in the Common Budget of 1 February 2025.
03:03What is your opinion on this news? Give us your opinion in the comment box.
03:06And keep watching GoodReturns for such updates.
03:09Don't forget to like and subscribe to our channel.