https://www.taxtmi.com/news?id=33946 The Income Tax Bill, 2025 simplifies and restructures the tax law to enhance tax certainty by compressing statutory length, consolidating related provisions (including salary and deductions) into single chapters, using tabular formats to reduce cross references, and retaining key judicially construed terms with minimal changes. It consolidates non profit organisation provisions, clarifies international taxation provisions to limit multiple interpretations, and eliminates the concepts of previous year and assessment year to simplify compliance. en-us Thu, 13 Feb 2025 17:31:03 +0530 Thu, 13 Feb 2025 17:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=33946 The Income Tax Bill, 2025 simplifies and restructures the tax law to enhance tax certainty by compressing statutory length, consolidating related provisions (including salary and deductions) into single chapters, using tabular formats to reduce cross references, and retaining key judicially construed terms with minimal changes. It consolidates non profit organisation provisions, clarifies international taxation provisions to limit multiple interpretations, and eliminates the concepts of previous year and assessment year to simplify compliance. News - Thu, 13 Feb 2025 17:31:03 +0530 https://www.taxtmi.com/news?id=33946