Sitharaman introduces Taxation Laws (Amendment) Bill in Lok Sabha

Finance Minister Nirmala Sitharaman introduced the Taxation Laws (Amendment) Bill, 2025 in the Lok Sabha on Monday. The bill proposes tax exemptions for subscribers of the Unified Pension Scheme (UPS), aligning its benefits with the New Pension Scheme (NPS). It also includes modifications to income tax search case assessments and offers direct tax benefits to Saudi Arabian public investment funds.