Explains how the new tax code replaces the 1961 Act with simpler rules and fewer exemptions. The key takeaway is a clearer, taxpayer-centric framework effective from April ...
NEW DELHI, Aug 30 (Reuters) - India's government on Monday introduced a bill in parliament to overhaul its archaic direct tax laws, a key reform aimed at simplifying procedures for investors and bring ...
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Will Budget 2025 replace Income Tax Act with new Direct Tax code? Here’s what experts say
Finance Minister Nirmala Sitharaman announced in Budget 2024 that the Income Tax Act 1961, would be reviewed. The review and proposed re-codification is aimed at making the act concise, lucid and easy ...
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