Aug 8, 2025
Income Tax Bill 2025 Withdrawn: What’s Behind the Sudden Withdrawal of India’s Tax Reform?
The Indian government withdrew the Income Tax Bill 2025, a revolutionary tax reform, on August 8, 2025. Why? Drafting errors and harsh clauses sparked outrage, risking taxpayer chaos. A revised bill, promising simpler compliance and fairer deductions, hits Parliament on August 11. In a stunning move that has sent ripples through India’s financial landscape, the central government withdrew the…