*🛡️The Income-tax Bill, 2025* *Key Features* ♟️ *Qualitative Improvements* ♟️Simplified language, making the law more accessible. ♟️Consolidation of amendments, reducing fragmentation. ♟️Removal of obsolete and redundant provisions for greater clarity. ♟️Structural rationalization through tables and formulae for improved readability. ♟️Preservation of existing taxation principles, ensuring continuity while enhancing usability. ♟️Crypto as Property: Virtual digital assets such as cryptocurrencies have been included in the definition of property to be counted as a capital asset. ♟️Dispute Resolution: It provides the points of determination, decision, and the reasons behind it, marking a shift from the earlier section, which lacked clarity on the manner of issuing DRP directions. ♟️Capital Gain Exemptions: Section 54E of the Act, which details exemptions for capital gains on transfer of capital assets prior to April 1992 has been removed. ♟️Tax Year: The Bill introduces the concept of “tax year”, which has been defined as the 12-month period beginning April 1.