Understand the major updates in India’s Income Tax Bill 2025, including tax law simplification and a shift to a unified tax year.

The Indian Income Tax Department classifies cryptocurrency income under 'Income from Other Sources.' Hence, any gain or profit you earn from trading or investing in cryptocurrencies is subject to tax.

India's new income tax bill proposes sweeping powers for authorities to access taxpayers' emails, trading and social media accounts during searches, activities which are not covered in the current tax law.

The new Income Tax Bill has been introduced in the Lok Sabha. Finance Minister Nirmala Sitharaman has introduced it. Through this bill, there will be many big and important changes related to income tax.

Several experts have supported the government efforts put into the Income Tax Bill 2025, but some expressed apprehensions.

Finance Minister Nirmala Sitharaman , in her Union Budget 2025 speech, announced a historic move—the introduction of a new Income Tax Bill to replace the six-decade-old Income Tax Act of 1961.Today, the bill has been officially tabled in Parliament,