Major Reforms in Income Tax Act 2025 Explained Clearly
India’s tax regime is undergoing a transformative shift with the introduction of the Income Tax Act 2025. This newly tabled bill replaces an outdated framework with a streamlined, modern approach aimed at simplifying tax compliance, promoting digital clarity, and reducing legal ambiguity. Unveiled in Parliament on February 13, 2025, the new act positions itself as a cornerstone of Digital India’s evolving financial ecosystem.