What New Income Tax Bill Could Bring? How it could impact taxpayers?
Zee Business Video Team | Updated: February 10, 2025 06:58 PM IST
New Income Tax Bill : The current Income Tax Act (Income Tax Act 1961) has been in force since 1961. Now it will be completely abolished and a new law will be brought, which will be updated as per the current times. sources told that A new 'tax year' may also be implemented. The government is considering merging the assessment year and financial year. With this, the rules of tax filing will become easier and streamlined.
