Constitutional/legal upheaval 2025
=>What’s new in the Income Tax Bill 2025: The Income-tax Bill, 2025, which was introduced in Lok Sabha on Thursday, intends to simplify India’s six-decade-old structure of direct taxation by streamlining provisions, removing obsolete references, and creating a crisper and simpler legal framework. Once passed by Parliament, the new law will likely come into effect on April 1, 2026.
Here are highlights of the new Income Tax Bill, 2025:
1) Removal of obsolete provisions.
2)Tax year instead of previous year and assessment year
3)Change in structure of Income Tax Act
4)Made new tax Bill more comprehensive
=>UCC implemented in Uttrakhand: Uttrakhand became the state in India. The Uttarakhand government on Monday rolled out the Uniform Civil Code. The rules manual for the UCC and a portal for applications under the new rules were inaugurated by Chief Minister Pushkar Singh Dhami at the CM’s camp office in Dehradun.
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