The New Income Tax Bill 2025 represented a substantial structural adjustment in India's tax regime, with Section 80C deductions moved to Clause 123 as part of a larger simplification effort. The proposed law also included amendments that would affect NRIs, specifically capital gains taxation, TDS duties, and recovery processes. The Income Tax Act of 2025 is set to go into effect on April 1, 2026, but key aspects, such as the abolition of nil TDS certificates and altered thresholds, are set to take effect on April 1, 2025, requiring taxpayers to reassess their compliance and planning strategies. 

These changes signal a shift toward tighter compliance, broader tax base coverage, and reduced exemptions. Taxpayers, businesses, and NRIs will need to review investment plans, cash flows, and withholding structures early to avoid disruptions. Proactive consultation with tax advisors will be critical to navigate transition timelines and ensure readiness.

• New Income Tax Bill 2025: Section 80C Tax Deductions Relocated to Clause 123 - Details Inside 
• How will India's New Tax Laws Affect NRIs: Capital Gains, TDS & Tax Recovery 
• Income Tax Act 2025 Set to Take Effect on April 1 Next Year: Details 
• New Tax Bill 2025: Nil TDS Certificates Removed for All Taxpayers