The contrast with the old Income-Tax Act is stark. The 1961 law ran into 512,000 words; the 2025 one pares that down to 259,000. Chapters have been cut from 47 to 23, while sections have reduced from 819 to 536. One of the clearest changes is terminological. The confusing twin concepts of 'assessment year' and 'previous year' have been scrapped.
'...so cases that arose under the existing Act will be adjudicated under the old provisions.' 'Care has been taken to ensure that the new I-T Act does not give rise to interpretational issues.'
India's net revenues from the Goods and Services Tax (GST) rose at a three-month high pace of 10.7 per cent in August even as growth in gross collections slowed to 6.5 per cent from 7.5 per cent in the previous month, thanks to a nearly 20 per cent decline in refunds to taxpayers during the month.
State governments have requested the Centre for export incentives, lifting of import duty in the case of cotton for the textile sector and GST exemptions.
One flyer read: 'More Indians in 5 years, than Greeks and Italians in 100', adding, 'This isn't a slight cultural change, it's a replacement plain and simple'.
New Delhi, while opting not to retaliate yet to the American tariffs, has in recent weeks sought to reinforce its friendship with Moscow, and recalibrate its ties with Beijing rather than surrender to Washington's diktats.
'States should be compensated for the revenue loss for at least five years or beyond till the revenue stabilises.'
'Whatever is necessary for life and is not made in your country, we will import it from outside.'
Japan is expected to increase its investment target in India from the earlier 5 trillion yen ($34 billion) to almost 10 trillion yen.
'...to build a consensus, not conflict or struggle.'
The CMs with lowest assets are West Bengal CM Mamata Banerjee with assets worth over Rs 15.38 lakh, Omar Abdullah, CM of Jammu and Kashmir, with assets worth over Rs 55.24 lakh, and Kerala CM Pinarayi Vijayan, who has assets worth Rs 1.18 crore.
'We want to clear these pending refunds so that no issues arise once the new I-T Act takes effect.'
The invitation cards for the 79th Independence Day celebration also carry the Operation Sindoor logo, and the water mark of Chenab bridge to exemplify the rise of 'Naya Bharat'. Floral decorations at the venue will also be based on 'Operation Sindoor'.
'If a charitable or religious trust sells a capital asset -- such as land, buildings, shares -- and makes a capital gain, it can avoid paying tax on that gain if it reinvests the proceeds in another capital asset for its charitable purposes.'
Officials said the government-to-government engagement between the two countries on all other issues remains normal, but conceded rough spots over trade that need ironing out.
'There is no retrospective changing of the law, only its simplification.'
'Just as we cannot surrender the interests of our farmers and dairy industry, Trump is also looking for markets for the produce of the farmers in the Midwest, which are his support base.'
A meeting with Chinese President Xi Jinping on the sidelines of the SCO summit is being planned.
As an IAS officer in Kerala, Gyanesh Kumar -- who the Congress described as Amit Shah's 'right hand man' -- had a good working equation with the state's Congress and Left leaders.
'We are a responsible nation, and would prefer to deal with sensitive issues with the maturity they deserve rather than take to social media.'
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