Finance
Sher ShayarIncome Tax Act 2025: April Se Naya Kanoon, Nayi Baat!
Arre suno dosto, April 1 se Income Tax Act, 2025 ka naya rang chadhne wala hai! Pichle 60 saal ka purana kanoon gaya, ab aaya hai ek naya, jo hai revenue neutral, tax rates mein koi badlav nahi. TDS ka refund milega bina penalty ke, samajhne mein hai asaan jaise chidiya ka ghosla! Budget ki baatein bhi isme samayengi, sabke liye hai yeh kanoon, samajh ke aao, khushiyaan banto!
few days ago | Press Trust of India
Quick rundown
1.India revamps its tax law with the Income Tax Act, 2025.
2.The new tax law simplifies the tax timeline with a single 'tax year'.
3.Taxpayers can claim TDS refunds without penalties even after deadlines.
4.The new law reduces text volume by 50% compared to the 1961 Act.
5.The 2025 Act aims to make tax laws more understandable and reduce litigation.
