
August 11, 2025
Lok Sabha Passes New Income Tax Bill to Simplify Taxes and Allow Late TDS Refunds from 2026
Exciting tax news! The Lok Sabha just approved a fresh Income Tax Bill to replace 60-year-old laws. Starting April 2026, taxpayers can claim TDS refunds even if they miss filing their income tax returns on time. Finance Minister Nirmala Sitharaman unveiled this sweeping reform to make taxes simpler and more tech-savvy.