Question
The new Income Tax (No. 2) Bill, 2025 replaces which
previous legislation?ÂSolution
The Income Tax (No. 2) Bill, 2025 replaces the Income Tax Act, 1961. It adopts 285 recommendations from the Select Committee, simplifies tax language, introduces “Tax Year” in place of “Previous Year” & “Assessment Year,” and provides various compliance and relief measures.Â
What was the theme of World Environment Day 2024 observed by Indian Railways?
How many teams will participate in the inaugural Kho Kho World Cup 2025?
How many cargo vessels will Rhenus Logistics deploy initially under the IWAI MoU starting Q3 2025?
What is the focus of the newly inaugurated Indian Institute of Creative Technology (IICT) in Mumbai?Â
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What is the projected job creation target under the Employment-Linked Incentive (ELI) scheme?Â
What event will Bihar host in March 2025?
Which Indian group won the Equator Prize 2025, also called the “Biodiversity Nobel”?Â
