27-July-2025
Taxation
 
New Income-Tax Bill 2025 simplifies law, keeps policy intact: Baijayant Panda
26-Jul-2025

The new Income-Tax Bill aims to simplify the language and structure of India’s tax law without altering its core policy framework, according to Lok Sabha MP Baijayant Panda. He noted that the existing Income Tax Act, 1961—now over six decades old and amended thousands of times—had become overly complex, even for experts, leading to frequent disputes and confusion.

News Source:- https://www.businesstoday.in/amp/personal-finance/tax/story/new-income-tax-bill-2025-simplifies-law-keeps-policy-intact-baijayant-panda-486447-2025-07-26
 
 
 

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