CBDT introduces self-help tool to provide instant answers to I-T bill 2025

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CBDT introduces self-help tool to provide instant answers to I-T bill 2025 - Business Standard

Quick Summary:

This comprehensive revision has not only reduced the size of the new Bill by nearly half, but also consolidated provisions into a more user-friendly format.

A key change in terminology is the replacement of 'assessment year' and 'previous year' with 'tax year,' which denotes the 12-month period beginning on April 1.

Sections covering multiple scenarios have been made enumerative, and wherever possible, table formats have been extensively used.