Income Tax (No. 2) Bill Clears Lok Sabha: What Is in the S.I.M.P.L.E New Law?
Introduction: A Historic Tax Reform On August 11, 2025, India took a bold step toward modernizing its taxation framework by passing the Income Tax (No. 2) Bill, 2025 in the Lok Sabha. Without debate and amidst political disruption, this legislation was quietly but decisively ushered through—replacing the over 60-year-old Income-tax Act of 1961. This isn’t … Read more