https://www.taxtmi.com/acts?id=49266 The Statement of Objects and Reasons explains that the Income tax Bill, 2025 is proposed to repeal and replace the Income tax Act, 1961 to simplify and consolidate the statute, make its language concise and lucid, reduce taxpayer compliance costs, and improve direct tax administration; explanatory Notes on Clauses set out the Bill's provisions. en-us Fri, 14 Feb 2025 18:12:55 +0530 Fri, 14 Feb 2025 18:12:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49266 The Statement of Objects and Reasons explains that the Income tax Bill, 2025 is proposed to repeal and replace the Income tax Act, 1961 to simplify and consolidate the statute, make its language concise and lucid, reduce taxpayer compliance costs, and improve direct tax administration; explanatory Notes on Clauses set out the Bill's provisions. Act-Rules Bills Fri, 14 Feb 2025 18:12:55 +0530 https://www.taxtmi.com/acts?id=49266