Key Highlights of the Income Tax New Bill 2025 Explained
India’s tax system is undergoing a historic transformation with the introduction of the Income Tax New Bill 2025. This legislation, tabled in Parliament on February 13, 2025, replaces the six-decade-old Income Tax Act 2025, offering a fresh perspective on taxation in the digital age. With enhanced clarity, user-friendly provisions, and a focus on reducing litigation, this new bill marks a bold shift toward transparency and efficiency in tax governance.