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The Economic Times 08/10/2025
The Income-tax Act, 2025 (New Act) marked a historic shift from the Income-tax Act, 1961 (Old Act) by eliminating provisos and explanations, making substantive law clearer and more accessible. However, the Income-tax Rules continue to create procedural complexity and hardships for many taxpayers.
India faces a life insurance protection gap of over 17 trillion dollars, with 83 percent underinsured.
