Q1. With reference to the Income-tax Act, 2025 vis-à-vis the Income-tax Act, 1961, consider the following statements: Which of the statements given above is/are correct?
- The Income-tax Act, 2025 has fewer sections than the Income-tax Act, 1961.
- The Income-tax Act, 2025 has fewer schedules than the Income-tax Act, 1961.
- The Income-tax Act, 2025 alters the personal income tax rates and regimes that existed under the Income-tax Act, 1961.
- A. 1 only
- B. 1 and 2 only
- C. 2 and 3 only
- D. 1, 2 and 3