Watch New Income Tax Rules Kick In From April With Same Rates, Sharper Rules And Tighter Reporting System New Income Tax Rules Kick In From April With Same Rates, Sharper Rules And Tighter Reporting System NEW DELHI: Finance minister Nirmala Sitharaman said amendments to the Insolvency & Bankruptcy Code (IBC) will help maximise value for stakeholders as the Lok Sabha passed the bill on Monday.She said the 12th Amendment seeks to strengthen the existing insolvency framework, as well as address practical challenges, and incorporate evolving global best practices. She added that the law has been a major factor in improving the health of the country's banking sector.Citing extensive litigation by promoters as the main reason for delay, the FM said the bill has sought to speed up the process and avoid frivolous proceedings.
Author: TNN
Published at: 2026-03-30 21:55:32
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