A Multi-Concept Theme for Digital Agencies and Startups
Government of India has issued the new bill for Income Tax Act, 2025, effective from 01st April, 2026. Highlights of the bill are: - The bill removes 283 sections and 24 chapters from the existing 1961 Act. - The term 'tax year' replaces the previous terms such as 'financial year' and 'assessment year.' - Defines taxable income, establishes compliance guidelines, and sets boundaries for commercial activities. - A clear definition of 'virtual digital assets' is provided, along with specific provisions for their taxation. - The current tax brackets and rebate structures remain intact, ensuring stability while improving clarity and user-friendliness. For more information, please refer to the specified document.
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Thank You for your interest in Complinity. Your CV has been forwarded to HR.