The Finance Ministry has asked the Institute of Chartered Accountants of India (ICAI) to review the new Income Tax Bill 2025 and suggest improvements. A five-member group has been formed by the ICAI to carefully study the bill and make recommendations. The ICAI will go through the bill section by section, keeping in mind the needs of both businesses and individual taxpayers. The aim is to make the process easier for everyone, ensuring a balance between smooth business operations and easier living for taxpayers.