#incometaxbill2025 #update The Income-tax Bill 2025 is set to replace the over 60-year-old Income-tax Act, 1961, streamlining tax laws with 50% fewer words and a clearer structure. Key changes include: ‣ Consolidation of definitions ‣ Elimination of provisos and explanations with sub-sections ‣ Dedicated provisions for non-profit organizations ‣ Well-structured schedule-based exemption framework ‣ A simplified TDS/TCS structure For Detailed Insights, Read the Blog: https://taxmann.social/BaUV9 [4 Mins | Read Time] Authored by CA Naveen Wadhwa – Vice President | Taxmann Advisory & Research #taxmannupdates #incometaxact #amendments