00:08The first Act of 1961 was very complicated. It is very difficult to read, write and understand.
00:16It is very difficult to read in this easy language. After so many deliberations and discussions in the parliament, it
00:29has been finalized and has come and it is effective from 1st April 2026.
00:43In the first Act, only professionals, chartered accountants and lawyers only can understand. Not even educated people cannot understand.
00:54That is why our government is aligned with the best practices globally. So they wanted to bring a simple, lucid,
01:08transparent and easy to understand Act.
01:11We have already had the Income Tax Act of 1961. It has been a very big change. The normal people
01:20are not aware of it.
01:22We have to comment about it. We have to do it. It is simple to do it. The Income Tax
01:28Act of 2025 is implemented.
01:29It has been implemented in the past April 2026. We have to do it, we have to do it, we
01:35have to do it very small, tax year, so it is a lot of change.
01:39It is interesting. Because we have to do it for technology. We have to do it. The car is built.
01:43In the last person is very good.
01:45We have to do it. The people who have been complaining about it.
01:57Our speaker is doing outreach programs and the people know the rest of it.
02:02The people are doing it. The people who have been doing it, they can use it.
02:08then they ask you, and you're going to be provisionally.
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