Tax law amendments expand withholding thresholds, revise individual tax structure and impose crypto transaction reporting obligations. Finance Bill, 2025 proposes broad amendments to the Income tax Act and allied indirect tax statutes: it revises individual tax rates, redefines key terms including capital asset, dividend and virtual digital asset, extends IFSC and insurance related transitional dates, raises and recalibrates multiple TDS and TCS thresholds, expands the updated return regime with higher additional tax for delayed filings, introduces an arm's length option regime under transfer pricing with recomputation mechanics, establishes Interim Boards for settlement cases, and creates a statutory crypto asset transaction reporting obligation for prescribed reporting entities.