The New Income-Tax Bill, 2025 has been introduced in the Lok Sabha with the primary objective of simplifying the language of the existing Income-Tax Act of 1961. This initiative aims to make the tax laws more accessible and understandable for taxpayers. The journey of the new Bill reflects the government’s commitment to modernizing and streamlining the tax system. The review of the 1961 Act was necessary to address the complexities that have accumulated over the years due to numerous amendments. The scope of the Bill includes simplifying key provisions and terminology to reduce ambiguity and ease compliance. Examples of proposed simplifications include clearer definitions and more straightforward calculation methods. For further details, download Income-tax Bill, 2025 & Corrigenda to Income-tax Bill, 2025, General FAQs, New Income-tax Bill 2025 Navigator and a PPTs on the Bill are available for reference.
For Income-tax Bill, 2025 & Corrigenda to Income-tax Bill, 2025 PDF CLICK HERE
New Income-tax Bill 2025 Navigator CLICK HERE
General FAQs on the Broad scope of New Income-tax Bill CLICK HERE
FAQs on the New Income Tax Bill CLICK HERE
For PPTs on Bill CLICK HERE
For PPTs on “SIMPLE” principles CLICK HERE
