Income Tax Bill 2025: A Daring Move Towards Simplification of Taxes
India has made a giant stride in overhauling its tax regime with the tabling of the Income Tax Bill 2025 in Parliament on February 13, 2025. The new bill aims to simplify tax procedures, do away with archaic words, and provide improved compliance. Most importantly, it brings India’s taxation standards at par with global practices.
In order to enhance awareness and access, the government has also launched the Income Tax Bill PDF, which is readily available for professionals, students, and taxpayers to analyze each provision in depth.