News & Media 6th Feb 2025
An important piece of law encapsulating 298 sections which determines the major sources of income for the fifth largest economy in the world was passed in 1961. In the next 64 years, the Income Tax Act has undergone a flurry of changes almost every year. From tweaks in the tax rates to the introduction of new provisions; from bringing a new exemption to the scrapping of old ones this Act has seen a lot in the past six decades and counting.
Livemint Lounge’s Vimal C. Joshi writes on ” New Income Tax Bill 2025: What’s new, what may change, and what we can expect?” with insights from our Partner Dipesh Jain.
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