Income Tax Bill 2025: What's new, what may change, and what we can expect?

The new income tax bill will carry forward the same spirit of Nyaya (Hindi word for justice) which was carried in Bharatiya Nyaya Sanhita that replaced the Indian Penal Code (1860 Act) in July 2024, Finance Minister Nirmala Sitharaman said during her Budget speech on Feb 1, 2025