10 takeaways in new Income Tax Bill for taxpayers: Tax year, TDS compliance, number of sections and more
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Opinion
India’s Income Tax Bill sets the stage for significant reforms
It simplies the country’s income tax law to make it easier to grasp, enhance compliance and reduce litigation. While it makes no substantive changes, it lays a foundation for India to improve the law.
New Income Tax Bill
Substantial reduction in the Act’s volume The review has led to a substantial reduction in the Act’s volume, making it more ...