Question
How many total sections are included in the new Income
Tax (No. 2) Bill, 2025?Solution
The Income Tax (No. 2) Bill, 2025, which replaces the Income Tax Act, 1961, contains 536 sections and 16 schedules. This comprehensive restructuring incorporates nearly all of the 285 recommendations made by the Select Committee and aims to simplify, modernize, and clarify India’s direct tax regime.
What was India’s Wholesale Price Inflation (WPI) in August, recorded as a four-month high?
SEBI has asked market infrastructure institutions (MIIs) to set up and operate a common ODR Portal. The portal will harness online conciliation and onli...
Who serves as the CEO of Reliance General Insurance Company, which has launched "Reliance Health Global," a healthcare policy aimed at making global hea...
India’s first AI-powered ‘phygital’ banking branch was inaugurated in Guwahati, Assam in May 2026. Which bank launched this branch?
What is the genus of the newly discovered wolf spider in the Sundarbans, marking its first record in India?
The Financial Inclusion Index (FI-Index), introduced by RBI in 2021 to measure the reach and quality of financial services, rose to (1) in FY25 from (2)...
The newly certified steel grades at Bokaro Steel Plant are included under which standard?
What subsidy percentage is the government planning to offer for goods transport on inland waterways?
How many manuscripts has the National Manuscripts Mission digitized so far ?
As for the Centre’s capex, it has budgeted for Rs 7.5 trillion in FY23. This includes the Rs. 1.0 trillion interest-free loan to be provided to state ...
