Select Committee Recommends 285 Changes to IT Bill 2025

From 1961 to 2026: India Gears Up for a Modern Tax Law with IT Bill 2025

A significant overhaul of India’s tax system is underway with the proposed Income Tax Bill, 2025. The Select Committee tasked with reviewing the bill has submitted its report to the Lok Sabha, recommending 285 changes to simplify the legislation and make it more taxpayer-friendly. This report was presented to the Lok Sabha on Monday, July … Read more