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A low down on simpler, shorter, crisper Income Tax Bill, 2025
The New Indian Express Kochi
|February 15, 2025
THE New Income Tax Bill 2025, which will replace the 1961 Act, is an attempt at simplifying the tax rules.
THE New Income Tax Bill 2025, which will replace the 1961 Act, is an attempt at simplifying the tax rules. While the Bill is shorter and crispier, the language has been simplified.
The Bill has nearly halved the sections (819 to 536), and the number of chapters to 23 from 47. In terms of word count, the reduction is nearly 50% to 2.6 lakh words from 5.12 lakh running into 622 pages, down from 1,647 pages. Another key change is doing away with the 1,200 provisos and the 900 explanations - each change in taxation laws have been passed by Parliament and become part of existing Act - in the new Bill presented in the Lower House on Thursday.
Here are some of the important changes/mentions that may affect the common taxpayers:
Denne historien er fra February 15, 2025-utgaven av The New Indian Express Kochi.
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FLERE HISTORIER FRA The New Indian Express Kochi
The New Indian Express Kochi
Now, TMC MP lodges complaint against Guv
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The New Indian Express Kochi
Wanted gangster Anmol among 200 Indian nationals deported from US
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1 min
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The New Indian Express Kochi
Tiger returns after decades, marks 9-month stay in Gujarat sanctuary
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1 mins
November 20, 2025
The New Indian Express Kochi
India, Germany system to avoid copter crash
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2 mins
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The New Indian Express Kochi
India's chess World Cup campaign over
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1 mins
November 20, 2025
The New Indian Express Kochi
Trump berates journalist over Saudi, Epstein questions; calls her ‘terrible’
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1 min
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The New Indian Express Kochi
Cong dilemma in Upper House
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2 mins
November 20, 2025
The New Indian Express Kochi
NUAPADA MANDATE MARKS A POWER SHIFT FOR MAJHI
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1 mins
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The New Indian Express Kochi
Another form of talaq now under top court’s glare
Regulation as per constitutional ethos
1 mins
November 20, 2025
The New Indian Express Kochi
T’Puram ISIS case catches NIA interest
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1 min
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