The new bill aims to simplify tax provisions with clearer language, reducing its length and eliminating redundant sections while consolidating related content for easier understanding and compliance.

The Income Tax Department has made available a comprehensive comparison tool on their website, detailing the correlation between sections of the Income Tax Act, 1961 and the corresponding clauses of the new Income Tax Bill.

The new income tax Bill aims to simplify India's tax law, eliminating redundancies and improving readability without altering its core principles. But does it go far enough? Mint explains