New income tax bill Archives

LTCL & STCG Set-Off Explained: New Income Tax Bill,2025

Under Clause 536(n) (the “Repeal and Saving” provision) of the New Income-Tax Bill, 2025, the following change is allowed: Any long-term capital loss (LTCL) brought forward under the old Income-Tax Act, 1961 — incurred up to March 31, 2026 — may be set off and carried forward against any capital gains (including short-term capital gains, […]

New Income Tax Bill, 2025: Key Changes, Impacts & Why It Matters

2 Comments | Current affairs | August 12, 2025

The Income-tax Act, 1961 has served as India’s direct taxation framework for over sixty years and , over time, has been amended innumerable times to accommodate the prevailing issues as well as new priorities. However, since the original enactment of the Income-tax Act, India’s economic structure, statute-based structure and technological influence has changed massively. Consequently,

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