India’s New Income Tax Act 2025: 10 Major Changes Every Taxpayer Must Know!

India is moving from the legacy of the Income-tax Act, 1961 to a modernized, streamlined Income-tax Act, 2025, effective April 1, 2026. This video breaks down the massive structural and procedural shifts that will impact every salaried individual, business owner, and investor in India.

Key Highlights Covered:

The Structural Overhaul: How the government compressed the law from over 819 sections down to a leaner 536 sections.

The "Tax Year" Revolution: Understanding the end of the confusing "Previous Year" and "Assessment Year" dual-system in favour of a unified "Tax Year".

Capital Gains Rationalization: The new 12.5% flat rate for long-term gains and the removal of indexation for real estate.

Corporate Tax Evolution: Big changes to Minimum Alternate Tax (MAT) and the transition to a final tax regime.

Compliance Simplification: A look at the new unified TDS/TCS Section 393 and the introduction of digital-first forms like Form 141 and Form 168.

FAST Disclosure Scheme: A one-time opportunity for small taxpayers to regularize undisclosed foreign assets.

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Видео India’s New Income Tax Act 2025: 10 Major Changes Every Taxpayer Must Know! канала Prudent Oak