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New, simplified tax bill to be tabled in LS tomorrow
The Morning Standard
|February 12, 2025
THE New Income Tax Bill, which will be tabled in Parliament on Thursday, is longer than the existing one with 23 chapters, 536 sections and 16 schedules.
The current Income Tax Act has 23 chapters, 298 sections and 14 schedules.
The increase in number of sections reflects a more structured approach to tax administration, incorporating modern compliance mechanisms, digital governance, and streamlined provisions for businesses and individuals.
Diese Geschichte stammt aus der February 12, 2025-Ausgabe von The Morning Standard.
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