IT Bill 2025
-
IT Act, 2025
A timeline of the past decade. As I elaborate in a related post - the IT Act, 2025 has a longer (and opaque) history than widely believed.
-
Income Tax Act, 2025: A ‘Reform’ Comes to Life
The Income Tax Act, 2025 (IT Act, 2025) – after almost a decade of attempts to redraft income tax law - comes into force on 1 April 2026 and replaces the Income Tax Act, 1961 (IT…
-
The Monsoon of Tax ‘Reform’
It’s raining tax ‘reform’. Income Tax Bill, 2025 (‘IT Bill, 2025’) will soon replace the six decades old Income Tax Act, 1961. Goods and Services Tax (‘GST’) will ostensibly be simplified by Diwali of 2025. And we will…
-
Income Tax Bill, 2025: In Search of a Big Idea
The Department of Revenue claims that Income Tax Bill, 2025 - tabled in the Parliament on 13 February 2025 - marks a significant step towards simplifying the language and structure of the Income Tax Act, 1961. Does it?…
-
Skeletal Timeline of Income Tax Reform in India
1860-1886: Income tax was introduced in India for the first time in 1860 to overcome the financial difficulties due to First War of Independence of 1857. The period of 1860-1886 saw the Govt alternating between income…
