New Income Tax Act 2025: Presumptive Taxation Regime Faces Substantive Changes
Hızlı Bakış
- 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.
Yapay zekâ özeti
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.