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    <description>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 &#039;previous year&#039; and &#039;assessment year&#039; with a single tax year, while preserving existing policy content and ensuring transition through Repeal and Savings provisions.</description>
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