SIMPLIFIED, CRISP language, removal of extra provisos and explanations along with expanded definition of income – these are some of the key features of the new Income-Tax Bill, 2025. The 622-page Bill ...

New Income Tax Bill 2025: The simplified Income Tax Bill, half the size of the 1961 Income Tax Act, seeks to achieve tax certainty by minimising the scope of litigation and fresh interpretation ...

New Delhi: The government is likely to introduce the simplified Income-Tax Bill 2025 in Parliament on Thursday. The Bill is expected to bring in the concept of "tax year" and abolish the archaic ...

The ‘Taxpayer’s Charter’ has been included in the Bill which outlines the rights and obligations of the taxpayers ... This previous year and assessment year (AY) concept has been removed and only tax ...

New Delhi- The simplified Income Tax Bill 2025 ... The 'Taxpayer's Charter' has been included in the Bill which outlines the rights and obligations of the taxpayers. The Bill replaces the term ...

New Delhi, Feb 12 (PTI) The simplified Income Tax Bill 2025, which brings in the concept of ‘tax ... The ‘Taxpayer’s Charter’ has been included in the Bill which outlines the rights and obligations of ...

While Republicans like Weaver and DuBose claim that the legislation is a simple matter of definitions and clarification for ...

The new Bill has a word count of 2.6 lakh, lower than 5.12 lakh in the I-T Act. The number of sections is 536, as against 819 effective sections in the existing law.

New Delhi: The simplified Income Tax Bill 2025, which brings in the concept of ‘tax ... The ‘Taxpayer’s Charter’ has been included in the Bill which outlines the rights and obligations of the ...