No change in LTCG tax rates under Income Tax Bill 2025, clarifies IT dept
According to the department, the new bill is focused solely on simplifying legal language and removing redundant or obsolete provisions from the current law. It emphasised that the draft legislation does not contain any proposals for altering tax rates applicable to any category of taxpayers.
"Any ambiguity in this respect shall be duly addressed during the passing of the Bill," the department said in its statement on X.
The Income Tax Bill 2025 is expected to replace the existing Income Tax Act of 1961 and has been designed to modernise the tax code, making it more streamlined and easier to navigate, particularly in the context of increasing digital integration and compliance automation.
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