Articles 14th Feb 2025
The announcements in respect of a New Tax Bill to halve the current Income tax Act was eagerly awaited. Finally, the draft of the New Income-tax Bill now stands placed before the Lok Sabha.
Income Tax Act,1922; then 1961 and now 2025, the much-awaited New Income-Tax Bill aims to simplify the law, efforts have been put to make the interpretation of law easy and at the same time to make it less voluminous.
Tune into India Today’s article titled “New Income Tax bill: Has it really been simplified for taxpayers?” written by Dipesh Jain, Partner, supported by Sumeet Agrawal, Associate Partner and Saiyam Jain, Associate, which highlights structural and other key changes vis-à-vis extant Income Tax Act.
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