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New Income Tax Bill 2025

New Income Tax Bill 2025: 60-Year-Old Income Tax Law Set for Historic Overhaul: Big Changes

July 21, 2025 by Divya Mali
New Income Tax Bill

A major transformation is on the horizon for India’s tax system. After 60 years, the existing Income Tax Act of 1961 is likely to be replaced with a brand new law — the Income Tax Bill 2025. The government will present a detailed report on this bill today in the Lok Sabha, marking a historic … Read more

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