Income Tax Bill 2025 replaces 1961 Act. Key changes: Assessment Year → Tax Year, 298→536 sections. No new taxes. Introduced Feb 13, 2025 by FM Sitharaman.
Direct Taxes
Income Tax Bill 2025 replaces 1961 Act with simplified tax framework. No new tax burden, ADR for disputes, 6500+ suggestions. Complete analysis for UPSC & competitive exams.