Taxation Updates
February 12, 2025 at 07:08 AM
THE INCOME-TAX BILL, 2025
(Bill No. 24 of 2025)
Save as otherwise provided in this Act, it shall come into force on the 1st April, 2026
PDF Link :
https://shorturl.at/p1tOB
https://x.com/TaxationUpdates/status/1889542604825489846
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Section 44AD, 44ADA & 44AE of old Income Tax Act will be covered u/s 58 of New Income Tax Act
Section Section 44AB of old Income Tax Act will be covered u/s 63 of New Income Tax Act
All Threshold limits remain same for Section 44AB, 44AD, 44ADA & 44AE
https://x.com/TaxationUpdates/status/1889565146818752660
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Section 115BAC of old Income Tax Act will be covered u/s 202 of New Income Tax Act
https://x.com/TaxationUpdates/status/1889566000384786513
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Section 139 of old Income Tax Act will be covered u/s 263 of New Income Tax Act
https://x.com/TaxationUpdates/status/1889566683842453988
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Section 194A, 194C, 194H, 194I, 194J and Other TDS Sections of old Income Tax Act will be covered u/s 393 of New Income Tax Act
Section 206C (TCS Section) of old Income Tax Act will be covered u/s 394 of New Income Tax Act
https://x.com/TaxationUpdates/status/1889568611511013536
#incometax #taxationupdates
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