New Delhi, Feb. 10 -- In the past several years, a number of big and small changes have been made in the Income Tax Act, 1961. Its fallout is that an array of complexities, albeit unwittingly, have crept into it.

Thenew income tax law, conversely, is likely to have them removed simply because it is a fresh piece of legislation written on a clean slate, saysDipesh Jain, partner, Economic Laws Practice in a telephonic interview withMintGenie. He also shares his views on thenew tax regime, income tax saving it promises to offer and whether it still makes sense for the small taxpayers to invest insmall savings instruments such as PPF, SSY and NSC.

I don't think the government will do it this time. There could be a possibility that the old t...