{"id":2066,"date":"2025-08-20T13:09:51","date_gmt":"2025-08-20T13:09:51","guid":{"rendered":"https:\/\/bhatiabhola.com\/?p=2066"},"modified":"2025-08-20T13:09:53","modified_gmt":"2025-08-20T13:09:53","slug":"income-tax-news-dated-08-2025-taxation-laws-amendment-bill-2025-introduced-in-lok-sabha","status":"publish","type":"post","link":"https:\/\/bhatiabhola.com\/index.php\/blog\/2025\/08\/20\/income-tax-news-dated-08-2025-taxation-laws-amendment-bill-2025-introduced-in-lok-sabha\/","title":{"rendered":"Income Tax News Dated 08\/2025 &#8211; Taxation Laws Amendment Bill, 2025 introduced in Lok Sabha:\u00a0"},"content":{"rendered":"\n<p>The bill proposes several changes to the Income Tax Act and the Finance Act, 2025. It introduces tax exemptions for subscribers of the Unified Pension Scheme, up to 60% of an individual\u2019s corpus from the National Pension System Trust will be tax-exempt upon superannuation or voluntary retirement. Additionally, other lump-sum payments received under the scheme will also be exempt. Another amendment relates to international tax agreements, specifically including the Public Investment Fund of the Government of Saudi Arabia and its wholly-owned subsidiaries in the list of \u201cspecified persons\u201d eligible for certain income exemptions. It also revises the rules for \u201cblock assessment\u201d of search cases to ensure correct application and clarifies the abatement of pending assessments.\u00a0<\/p>\n\n\n\n<p><a href=\"https:\/\/drive.google.com\/file\/d\/19KIW1AOxA1T_xKmnLk1kewOscL7Ey1fa\/view?usp=sharing\"><em>(Link: The Taxation Law Amendment Bill 105\/2025 Dated 8\/2025)<\/em><\/a><em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The bill proposes several changes to the Income Tax Act and the Finance Act, 2025. It introduces tax exemptions for [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[8,14],"tags":[],"class_list":["post-2066","post","type-post","status-publish","format-standard","hentry","category-income-tax","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Income Tax News Dated 08\/2025 - Taxation Laws Amendment Bill, 2025 introduced in Lok Sabha:\u00a0 - Bhatia Bhola &amp; Associates LLP<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bhatiabhola.com\/index.php\/blog\/2025\/08\/20\/income-tax-news-dated-08-2025-taxation-laws-amendment-bill-2025-introduced-in-lok-sabha\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Income Tax News Dated 08\/2025 - Taxation Laws Amendment Bill, 2025 introduced in Lok Sabha:\u00a0 - Bhatia Bhola &amp; Associates LLP\" \/>\n<meta property=\"og:description\" content=\"The bill proposes several changes to the Income Tax Act and the Finance Act, 2025. 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