The New Income Tax Bill 2025 | Tax Year Concept

The New Income Tax Bill 2025 | Tax Year Concept
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In this video, we discuss the new Income Tax Bill 2025 and the major change it introduces — replacing the concepts of Assessment Year and Previous Year with a simplified Tax Year.

👉 Key Highlights:

What is "Tax Year" under the new Income Tax Bill 2025?

Difference between Assessment Year vs Previous Year vs Tax Year

Impact on taxpayers, businesses, and compliance

How this change simplifies filing of income tax returns

This update is a major reform in India’s taxation system aimed at reducing confusion and making income tax laws easier to understand.

🔔 Subscribe to our channel for more Tax, GST, and Income Tax updates in Tamil.

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DISCLAIMER:
The content of this video is my own opinion and is for information purposes only. It is not intended as a substitute for professional financial advice. It is only intended to provide educational purposes.