Income-tax Act 2025 Becomes Law

India's tax landscape has entered a new era with the passing of the Income-tax Act, 2025, a comprehensive reform that replaces the long standing 1961 Act.

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The legislation, which received presidential assent in August, has been pitched as a simplification measure designed to make taxation easier for individuals and businesses while aligning rules with a fast digitising economy. It is one of the most ambitious fiscal resets in recent years, touching everything from personal income slabs to global m...