The Central Government on February 01, 2025, introduced Finance Bill, 2025 in the Lok Sabha to give effect to the financial proposals for the financial year 2025-2026.
The following has been stated:
• Chapter II specifies the Rates of Income-Tax
• Chapter III specifies the Direct taxes
• Chapter IV Indirect Taxes
• Chapter V Miscellaneous
It is stated that sections 2 to 86, 99 to 115, 120 and 131 shall come into force on April 01, 2025, and sections 116 to 119 and sections 121 to 129 shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.
Please refer to the document below for more details.
[BILL No. 14 OF 2025]
