Income-tax Bill 2025 tabled in Parliament, no major tax policy changes to ensure continuity

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Last Updated : Feb 13 2025 | 5:31 PM IST
The Income-tax Bill, 2025 was tabled in Parliament today, marking a significant step toward simplifying the language and structure of the Income-tax Act, 1961. The simplification exercise was guided by three core principles: textual and structural simplification for improved clarity and coherence, no major tax policy changes to ensure continuity and certainty and no modifications of tax rates, preserving predictability for taxpayers.

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First Published: Feb 13 2025 | 5:16 PM IST

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