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05Mar 2025
Income-Tax Act, 1961 vs. Income-Tax Bill, 2025
Syllabus: GS 3: Indian Economy Why in the News? Recently, the Union Finance Minister introduced the Income-Tax Bill, 2025, aiming to replace the Income-Tax Act, 1961. The bill seeks to simplify tax laws but raises concerns over legal complexities and expanded government powers. Income-Tax Bill, 2025: Reform or Mere Repackaging? Union Finance Minister introduced the …
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