India to Introduce New Income Tax Act, Finance Minister Confirms in Budget 2025 New Delhi, February 1, 2025 — In a landmark announcement during the Union Budget 2025 presentation, Finance Minister Smt. Nirmala Sitharaman confirmed the introduction of a new Income Tax Act, signaling a transformative shift in India’s taxation framework. This reform aims to […]
Key Highlights of Union Budget 2025: Major Reforms in Taxation, MSME Growth, and Export Promotion The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman, introduces several key reforms aimed at stimulating economic growth and enhancing the ease of doing business in India. Export Promotion Measures: Duty-Free Inputs for Handicraft and Leather Sectors: To support […]