Taxmann Income Tax Bill 2025 Edition February 2025

Income Tax Bill 2025 by Taxmann is a comprehensive, end‑to‑end reference that assists readers in transitioning seamlessly from the Income‑tax Act 1961 (ITA) to the Income‑tax Bill 2025 (ITB). The publication offers a clear and structured presentation of the new provisions through detailed comparative tables and an indexed complete copy of the proposed legislation. This edition highlights the transformative changes brought in the new Bill.

This book is intended for the following audience:

• Tax Professionals & Advisors – Chartered Accountants, tax consultants, and legal advisors needing to update their practice in line with the new legislation
• Businesses & Corporate Entities – Domestic companies, multinational enterprises, cooperatives, start-ups, and other commercial ventures impacted by changes
• Individuals & Hindu Undivided Families (HUFs) – Taxpayers seeking to understand the revised rules and implications on personal taxation
• Government Authorities & Policy Makers – Officials from the Central Board of Direct Taxes (CBDT), Ministry of Finance personnel, and legislative bodies responsible for policy oversight and implementation
• Academics & Researchers – Students, faculty, and think tanks researching evolving tax jurisprudence, policy developments, and socio-economic impacts

The Present Publication is the 2025 Edition, covering the text of the Income Tax Bill [Bill No. 16 of 2025], with the following noteworthy features:

• [Comprehensive Comparative Study] Side‑by‑side tables correlate every section of the old Income‑tax Act 1961 with the corresponding clause of the new Bill, clearly identifying repealed, merged, or newly introduced provisions to minimise confusion during the transition
• [Complete Text of the Income-tax Bill 2025] The book includes the full text of the Income‑tax Bill 2025, with a table of contents that presents a logical, organised arrangement—from preliminary definitions to the final miscellaneous clauses.
• [User-friendly Structure and Navigation] A robust index and an extensive system of cross‑references enable quick location of topics and facilitate an easy understanding of interrelationships within the Bill

The structure of the book is as follows:

• Comparative Tables – Detailed tables throughout the volume compare provisions of the ITA 1961 with those in the ITB 2025, allowing practitioners to trace the evolution of each clause
• Income Tax Bill 2025 – The Bill is divided into 23 chapters that begin with preliminary definitions and, progress through substantive tax issues, administrative procedures, and conclude with transitional and miscellaneous provisions
• Schedules – Sixteen schedules provide further clarification on topics such as investment modes, exemptions, prescribed forms, and technical aspects
• Index & Cross‑References – A comprehensive index and systematic cross‑referencing ensure that readers can quickly locate any topic or provision within the book