
India is set to implement a simplified Income Tax Act, 2025, effective April 1. The new law aims to be leaner and more reader-friendly, with the government intending to reduce its volume and simplify language to clarify taxpayer liabilities. This initiative is expected to decrease litigation and disputed tax demands, replacing the Income Tax Act of 1961 which has evolved significantly over six decades with numerous amendments and obsolete sections.
Select a news story to see related coverage from other media outlets.