New Delhi, Feb. 16 -- In an era that glorifies radical and dramatic change, the quiet power of incremental reform tends to be overlooked. But often, it is these methodical and ostensibly less glamourous reforms that have a more meaningful and lasting impact. The new Income Tax Bill, 2025, falls into this category.

There are some substantive changes to be sure, but the focus of the new Bill is more towards making the law more concise, lucid and easy to understand.

In India, and in many other countries, the spotlight has long been on tax rates, treaties, anti-abuse norms, dispute resolution mechanisms and other tax policy changes.

However, the introduction of the new Bill, with its strong emphasis on clarity in structure and drafting, wi...