India, Feb. 14 -- After Finance Minister Nirmala Sitharaman tabled Income Tax Bill 2025 in the Parliament, several experts and taxpayers supported the move. However, some expressed their reservations about it.

Sanjay Tolia, Partner at PwC, said the bill aims to simplify the country's tax system without making significant changes to the existing law. "Overall, this marks a transition towards a more modern tax system for both taxpayers and the administration," Tolia said.

On the other hand, Vivek Jalan, Partner at Tax Connect Advisory Services, expressed doubt over the usefulness of the introduction of the 'tax year' concept in the bill.

"Due to the concept of 'tax year', there might be questions whether the period April 1, 2026 to March...