ReferIndia News Income Tax Bill 2025: No change in tax rates, focus on simplifying language. Here's what IT dept says

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Income Tax Bill 2025: No change in tax rates, focus on simplifying language. Here's what IT dept says

Published on: July 30, 2025, 4 a.m. | Source: Livemint

The Income Tax Department confirmed that the Income Tax Bill, 2025 does not change tax rates, including long-term capital gains, focusing instead on simplifying language and removing outdated provisions. The bill aims to enhance ease of doing business and reduce taxpayer litigation.

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