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        Case ID :
        Income Tax

        General FAQs on the Broad scope of New Income-tax Bill

        January 20, 2026

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        New Income-tax Bill simplifies the tax law, replaces previous/assessment year with a single tax year and reorganises provisions. The Income-tax Bill, 2025 reorganises and simplifies the Income-tax Act, 1961 by removing provisos and explanations, consolidating dispersed provisions into clearer sections, tables and Schedules, and replacing 'previous year' and 'assessment year' with a single tax year, while preserving existing policy content and ensuring transition through Repeal and Savings provisions.

        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

        Provisions expressly mentioned in the judgment/order text.

        <h1>New Income-tax Bill simplifies the tax law, replaces previous/assessment year with a single tax year and reorganises provisions.</h1> The Income-tax Bill, 2025 reorganises and simplifies the Income-tax Act, 1961 by removing provisos and explanations, consolidating dispersed provisions into clearer sections, tables and Schedules, and replacing 'previous year' and 'assessment year' with a single tax year, while preserving existing policy content and ensuring transition through Repeal and Savings provisions.

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