On August 11, 2025, the Lok Sabha pushed through the Income-Tax (No. 2) Bill, 2025, replacing the old law. The pitch? Simplification. The new law trims the code down to 536 sections, introduces a single “Tax Year,” keeps the ₹12 lakh exemption, and promises speedier refunds, clearer deductions, and faceless digital-first assessments. On the surface, […]