🎥 Income Tax Act 2025 Explained | EP 2 Why was a 60-year-old tax law scrapped? Over time, the Income Tax Act, 1961 became bulky, over-amended, and hard to navigate. Too many changes. Too much ambiguity. Rising compliance and litigation. It simply wasn’t built for today’s digital economy, global trade, and modern businesses. The Income Tax Act, 2025 aims to reset this — with clearer structure, simpler language, and uniform interpretation. #IncomeTaxAct2025 #TaxReformIndia #NewTaxLaw #IndianTax #

New Income Tax bill explained: What’s changing and what’s not