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New I-T bill: Simpler, shorter, crisper
February 13, 2025
|The New Indian Express Mysuru
Bill, likely to be tabled on Thursday, has no change in rate structures, capital gains tax rules
THE new Income Tax Bill is more about consolidation of scattered tax provisions, simplification and elimination of redundant laws than about rate or structural changes. The Bill, which is likely to be tabled on Thursday, has no changes in the rate structures, nor are there any changes in the capital gains tax rules.
Contrary to speculations, the old tax regime has not been abolished, and will continue to operate alongside the new regime. The new tax regime has been put in chapter XIII of the Bill under the head -- Determination of tax in special cases.
Most of the rate changes announced in the budget have been incorporated in the bill.
هذه القصة من طبعة February 13, 2025 من The New Indian Express Mysuru.
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The New Indian Express Mysuru
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New copepod
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Unpaid challans to push vehicles off the road
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Charges framed against Lalu for running Railways as 'personal fiefdom'
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MIND ECOLOGICAL BALANCE WHILE RAISING TEAK OUTPUT
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1 mins
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