New simpler Income Tax Bill slashes volume of Income Tax Act, 1961 by half
New Delhi, Feb 13 (IANS) The Income-Tax Bill, 2025 tabled in Parliament on Thursday, marks a significant step toward simplifying the language and structure of the Income-tax Act, 1961 based on global best practices, according to a statement issued by the Finance Ministry. The review has led to a substantial reduction in the Act’s volume, … Read more