> *New Income Tax Bill 2025 - 10 Key Takeaways 📜💰* 1️⃣ 📄 Fewer Pages, More Clarity – The old IT Act had 823 pages, but the new bill is trimmed down to 622 pages! 2️⃣ 📌 More Sections, Less Complexity – 536 sections,23 Chapters and 16 Schedules but with fewer explanations and provisos, making it easier to understand. Tax law Sections Pages New Income tax 536 622 Old Income tax 298 823 3️⃣ 🏛️ Standing Committee Review – Once passed, it will go through the Parliamentary Standing Committee on Finance. 4️⃣ 🔍 Tax Audit Changes – The presumptive income tax limit now has a defined range for audit applicability. 5️⃣ 📈 Limits Raised – 🔹 44AD Limit (Business) – ₹2 Cr ➡ ₹3 Cr 🔹 Professionals – ₹50 Lakh ➡ ₹75 Lakh 6️⃣ 📅 Due Dates Extended – 📆 Tax Audit Filing: Sept 30 ➡ Oct 31 📆 ITR Filing: Oct 31 ➡ Nov 30 7️⃣ 📝 CA Exclusive Audit Rights – Despite speculations, only Chartered Accountants will continue to conduct tax audits! Big relief for CAs! 8️⃣ 📆 Goodbye "AY & PY" – Hello, Tax Year! – No more confusion between Previous Year & Assessment Year; now it's simply the Tax Year! 9️⃣ 📊 Capital Gains – No Change – LTCG & STCG remain the same as per last year’s provisions. 🔟 📲 Digital Push – Businesses with up to ₹10 Cr turnover via digital transactions get audit relief! #anubhav_the_growing_experience #pathfinder_careerguide #rosemaryinstitute #rosemaryfoundation