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New Income Tax Bill 2025 Revealed – What Happens When You File Late? You Might Still Get a Refund!

The Income Tax Bill 2025 allows taxpayers who file late to still receive a refund, under certain conditions. As long as taxes have been deducted at source (TDS) and your income is below the taxable threshold, you might not face penalties. The new bill also introduces NIL TDS certificates and extends the filing deadline, providing a more flexible, user-friendly tax system.