Income Tax Act 2025: Key Highlights, Applicability & PDF Downloade
The Income Tax Act 2025 was officially presented in Parliament on February 13, 2025, aiming to overhaul and modernize India’s outdated tax structure. This long-anticipated bill proposes a simplified and streamlined approach to direct taxation. A dedicated committee has been tasked with reviewing the bill and presenting its final recommendations by the Monsoon Session. Let’s explore the key provisions, effective dates, and the objectives of this new legislation.