Understanding the Income Tax Bill 2025 with Riaz Thingna

Introducing Policycast – your window into policy, tax, and regulatory insights. Each episode brings expert perspectives on the latest developments shaping businesses, individuals, and the economy. In our first episode, Riaz Thingna, Partner, Tax Planning & Optimisation, provides insights into the newly introduced Income Tax Bill 2025, a landmark reform set to replace the six-decade-old Income Tax Act of 1961.

Key takeaways from this episode:

• Simplification of tax laws with no new taxes or rate changes.
• Restoration of credit benefit for inter-corporate dividends.
• Refunds allowed even for belated/revised returns.
• Few clarifications on charitable institutions.

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