From 1961 to 2025: How the New Income-tax Bill Aims to Simplify India’s Tax System
Key Changes in the New Income-tax Bill, 2025 The revised Income-tax Bill, 2025, is set to replace the decades-old Income-tax Act of 1961 with a modern, simplified, and more transparent direct tax code. The government withdrew the original draft to incorporate over 285 recommendations from a parliamentary Select Committee, ensuring a smoother legislative process. What … Read more