Economic Times19 sa önceBusinessIndia
New Income Tax Act 2025: Presumptive Taxation Regime Faces Substantive Changes
En resumen
- India's new Income Tax Act, 2025 consolidates presumptive taxation into a single section, simplifying structure but introducing substantive changes.
- These changes may increase taxable income and compliance burdens for small businesses, professionals, and freelancers by disallowing loss adjustments and potentially expanding tax audit exposure.
Resumen generado por IA
Tamaño de fuente
India's new Income Tax Act, 2025 consolidates presumptive taxation into a single section, simplifying structure but introducing substantive changes. These changes may increase taxable income and compliance burdens for small businesses, professionals, and freelancers by disallowing loss adjustments and potentially expanding tax audit exposure.
Temas relacionados
This article was originally published by Economic Times.
