IncomeTaxIndia Archives

08May 2025

Revised ITR Forms for FY25: Key Changes

“Revised ITR Forms for FY25: Key Changes” Syllabus: GS-2:Government Policies & Interventions GS-3:Growth & DevelopmentPlanningGovernment BudgetingFiscal Policy Focus: The Indian government has introduced significant changes in the Income Tax Return (ITR) forms for the Assessment Year 2025-26 to simplify tax filing processes and improve transparency. The updates focus on capital gains, tax-saving investments, allowances, and …

Centre Plans Revision of Safe Harbour Clause

Centre Plans Revision of Safe Harbour Clause Why in the News ? The Centre is considering revising the safe harbour provision under Section 79 of the IT Act, aiming to make intermediary platforms more accountable for fake news. This move follows recent YouTube takedowns and is part of wider regulatory efforts. About Government’s Concern Over …

Income-tax Bill, 2025: Simplifying India’s Direct Tax Framework

Syllabus: GS-3: Mobilization of Resources , Fiscal Policy Focus: The Income-tax Bill, 2025, introduced in the Lok Sabha, aims to replace the Income-tax Act, 1961, by removing outdated provisions, simplifying tax laws, and reducing litigation. It introduces clear tabular formats, eliminates redundant sections, and replaces the ‘Assessment Year’ with ‘Tax Year’, ensuring a more transparent …

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Revised ITR Forms for FY25: Key Changes

Centre Plans Revision of Safe Harbour Clause

Income-tax Bill, 2025: Simplifying India’s Direct Tax Framework