Income Tax Evolution: 1961 vs 2025 Simplification

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This presentation explores the New Tax Act 2025, focusing on simplifying tax compliance and addressing challenges from the 1961 Income Tax Act. Key topics include enhanced taxpayer compliance standards, updates to rebates and deductions, and reforms in business taxation and capital gains. Simplified language and administrative clarity aim to reduce disputes and ensure certainty, backed by faceless administration and streamlined TDS processes. Drawing from a finance perspective, this education...