Income Tax Bill, 2025

This Section of our website is dedicated for the Upcoming Changes to the Income Tax Act, 1961.

Click here to Access the Income Tax Bill, 2025 (as introduced in the Lok Sabha)

The bare text of the income tax bill (ITB, 2025) can be downloaded and accessed from the above link

SECTION COMPARISON

Click to access a comparison table of section between
ita,1961 vs itb, 2025

FAQs

FAQs released by cbdt on the itb, 2025

ITA 1961 vs ITB 2025

Statistics Comparison!

1. Reducing word count by nearly half compared to ITA 1961 (from 5.12 lakh to 2.60 lakh).
2. Reducing number of sections from 819 to 536.
3. Adding 40 formulas and additional 39 tables

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February 13, 2025

Introduction

The Bill was introduced in the Lok Sabha by the Finance Minister. Proposed to be commence from April 1, 2026.

February 13, 2025
February 14, 2025

Select Committee Constituted

A Select committee of the Lok Sabha is constituted to examine the Income Tax Bill and to do a comprehensive review

February 14, 2025
March 7, 2025

ICAI suggestions

ICAI submitted its suggestions to the Lok Sabha Select Committee suggesting reduction of number of sections

March 7, 2025
March 18, 2025

Seeking Inputs on Rules

CBDT seeks inputs from stakeholders on income-tax rules and related forms

March 18, 2025
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