New Income Tax Bill 2025: Six aspects to take note - is it a zero-sum game?

Feb 14, 2025 - 15:00
New Income Tax Bill 2025: Six aspects to take note - is it a zero-sum game?

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The New Income Tax Bill 2025 aims to simplify tax laws in India, focusing on simplifying language, reducing litigation and compliance, and removing obsolete provisions. It introduces a taxpayer's charter, merges TDS/TCS sections, and aligns terminology with international norms. Likely effective from April 1, 2026, it promises streamlined processes without major tax rate changes.

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