3 days ago
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The caller Income Tax Act 2025, which has travel into unit from April 1, 2026, has remodelled the taxation strategy to a modern and much taxpayer-friendly form, said Chief Commissioner of Income Tax, Madurai, V.S. Sreelekha.
She was addressing an outreach programme connected the caller Income Tax Act, 2025 present connected Wednesday.
She said that the aged Income Tax Act, 1961 had go analyzable and unwieldy due to the fact that of the galore amendments introduced to it implicit the years. With inclusion of galore explanations and provisos, its complexity gave country to ambiguity and litigations, helium added.
The astir important diagnostic of the caller Act is its absorption connected simplification and clarity. “Redundant and obsolete clauses person been removed, analyzable sentences and archaic connection person been revised for simplicity,” she added.
Besides, tables and schedules person been introduced to marque the sections much intelligible. “The Act has been reorganised into a much logical and accessible structure, bringing greater simplicity and reducing disorder for taxpayers, businesses and professionals alike,” Ms. Sreelekha said.
The caller Act besides does not envisages immoderate argumentation changes oregon alteration successful taxation rates.
In bid to assistance the taxation professionals and assessees during the existent modulation period, caller initiatives similar Kar Setu -- a acceptable of often asked questions -- interactive sessions with elder officers, updated infromational brochures and Kar Saathi -- a chatbot-- person been introduced.
Speaking connected the occasion, Principal Commissioner of Income Tax, Madurai, T. Vasanthan, said that the fig of Chapters and Sections successful the caller Act person been reduced and the wide connection number of the authorities has been brought down significantly.
Alphanumeric sequencing successful the aged Act, which was cumbersome for some taxation practitioners and taxation administrators, has been rationalised and reorganised successful the caller Act, helium added.
Additional Chief of Income Tax, R. Rajarajeswari and Joint Chief of Income Tax, S. Manoj Prakash, Deputy Chief of Income Tax, Santhasoruban and president of Chamber of Commerce and Industry, N. Jegatheesan, spoke.
