The government is set to introduce the New Income Tax Bill 2025 in the Lok Sabha on February 13, aiming to establish a modern tax framework. If passed, the new law will take effect from April 1, 2026, replacing the six-decade-old Income Tax Act of 1961. The bill spans 622 pages and includes 23 chapters, … Continue reading New Income Tax Bill 2025 to Replace 1961 Act