Income Tax

Comparison between Income Tax Act,1961 and Direct Tax Code 2025

The Indian government has introduced the Income Tax Bill, 2025, aiming to replace the long-standing Income Tax Act, 1961. This legislative overhaul seeks to modernize and simplify the country’s direct tax framework. Below is a comparative overview highlighting the key differences and similarities between the two statutes: 1. Structural Simplification 2. Language and Readability 3.

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