New Delhi, Feb. 14 -- The Income Tax Bill 2025 marks a significant step towards modernizing India's tax framework, aiming to simplify compliance and enhance efficiency. By streamlining tax provisions, reducing redundancies, and introducing clearer legislative language, the Bill seeks to address long-standing complexities in the tax law.

Its key proposals highlight the government's commitment to ensure a transparent and business-friendly tax environment.

A more concise and structured law: One of the most notable aspects of the Bill is its reduced volume. The legislation cuts the section count from 819 effective ones to 536, significantly reducing the word count by half. This comes as a refreshing change as the current bulky and complex i...