Income Tax New Bill 2025: Everything You Need to Know
India’s taxation framework is undergoing a paradigmatic shift with the introduction of the Income Tax New Bill 2025. Tabled in Parliament on February 13, 2025, this legislative reform seeks to supplant the existing Income Tax Act 2025 with a streamlined, globally aligned structure. A specialized review committee is currently assessing its provisions, with a formal report expected before the Monsoon Session. This article critically evaluates the bill’s major structural refinements, anticipated implementation timeline, and broader fiscal implications.