India, May 13 -- The newly implemented Income Tax Act, 2025 has been designed to simplify compliance, reduce litigation and create a transparent, technology-driven tax ecosystem that is easier for ordinary citizens to understand, said Vivek Wadekar, principal chief commissioner, Income Tax (Pr-CCIT), Pune, on Tuesday.
Addressing a press conference at Aaykar Bhavan, Wadekar said the Act, which came into force on April 1, 2026, replaces several complex provisions of the Income Tax Act, 1961, a law that had undergone more than 4,000 amendments over the last six decades.
"The earlier law had become extremely bulky and difficult to interpret due to repeated amendments over the years. The latest Act uses much simpler language and a more organ...
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