Income Tax New Bill 2025: Key Updates & PDF Insights
India’s tax structure is undergoing a transformative shift with the Income Tax New Bill 2025. Introduced in Parliament on February 13, 2025, this reform aims to replace the existing Income Tax Act 2025 with a modern, globally aligned system. A review committee is currently examining the bill, and its findings are expected before the Monsoon Session. Understanding these changes is crucial for taxpayers, professionals, and businesses to ensure compliance. This article breaks down the major provisions, implementation timeline, and key implications.