Question
How many total sections are included in the new Income
Tax (No. 2) Bill, 2025?Solution
The Income Tax (No. 2) Bill, 2025, which replaces the Income Tax Act, 1961, contains 536 sections and 16 schedules. This comprehensive restructuring incorporates nearly all of the 285 recommendations made by the Select Committee and aims to simplify, modernize, and clarify India’s direct tax regime.
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