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5 pm News Flash – September 5, 2025

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Uploaded 8 hours ago

Duration: 0h 9m 16s

What You Must Know About New Income Tax Act

Name: What You Must Know About New Income Tax Act
Uploaded: Fri, 05 Sep 2025 09:53:04 +0530
Channel: Rediff Video Desk
Description: The contrast with the old Income-Tax Act is stark. The 1961 law ran into 512,000 words; the 2025 one pares that down to 259,000.Chapters have been cut from 47 to 23, while sections have reduced from 819 to 536.One of the clearest changes is terminological.The confusing twin concepts of 'assessment year' and 'previous year' have been scrapped.

The contrast with the old Income-Tax Act is stark. The 1961 law ran into 512,000 words; the 2025 one pares that down to 259,000. Chapters have been cut from 47 to 23, while sections have reduced from 819 to 536. One of the clearest changes is terminological. The confusing twin concepts of 'assessment year' and 'previous year' have been scrapped.

Uploaded by: Rediff Video Desk on Fri, 05 Sep 2025 09:53:04 +0530

Views: 2

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