Gå ubegrenset med Magzter GOLD
Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare
New Income Tax bill halves word count, simplifies compliance: Baijayant Panda
The Business Guardian
|July 24, 2025
BJP Member of Parliament and Chairman of the Finance Select Committee, Baijayant Jay Panda on Tuesday reflected upon the ongoing simplification of India's tax laws, stated that the newly proposed Income Tax Bill aims to make compliance easier for taxpayers without altering tax policies or rates.
Speaking about the legislative overhaul, Panda said the new draft bill reduces the word count of the Income Tax Act by nearly 50 per cent, from around 5 lakh words to 2.5 lakh. "Under PM Modi, a lot of the very obsolete laws have been overhauled over the last 11 years. In line with this, Finance Minister Nirmala Sitharaman had said last year that the Income Tax is also going to be overhauled for simplification," he said.
Denne historien er fra July 24, 2025-utgaven av The Business Guardian.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA The Business Guardian
The Business Guardian
Go to nature to feel better
In the fast-paced rhythm of modern life, where stress, anxiety, and restlessness have become constant companions, reconnecting with nature offers a profound source of healing and spiritual rejuvenation.
2 mins
December 19, 2025
The Business Guardian
RBI ANNOUNCES RS 30,000 CRORE G-SEC UNDERWRITING AUCTION
According to the RBI, the Government of India has notified the sale (re-issue) of two Government Securities through an auction scheduled for tomorrow.
2 mins
December 19, 2025
The Business Guardian
WHATEVER HAPPENS IS FOR GOOD: EMBRACING LIFE WITH FAITH
Life is a series of experiences joys, sorrows, successes, and setbacks.
2 mins
December 19, 2025
The Business Guardian
Mumbai International Airport sets new record with 1.76 lakh passenger traffic on Nov 29
Mumbai's Chhatrapati Shivaji Maharaj International Airport (CSMIA) set new records for passenger traffic in November 2025.
1 mins
December 19, 2025
The Business Guardian
CCI takes cognizance of information filed against IndiGo
The Competition Commission of India (CCI) has decided to launch an inquiry into the issue of flight disruptions at IndiGo, taking cognizance of Information filed against the airline.
2 mins
December 19, 2025
The Business Guardian
Indian stock market ends on muted note; IT stocks remain key support
Domestic benchmark indices on Thursday ended on a muted note in the volatile trade with Sensex down 77.84 points or 0.09% at 84,481.81, and the Nifty was down 3 points or 0.01% at 25,815.55.
1 mins
December 19, 2025
The Business Guardian
THE DEAD CANNOT CONSENT: WHY WE NEED POSTHUMOUS PRIVACY LAWS
A new area of concern has emerged since the 2020 death of actor Sushant Singh Rajput.
3 mins
December 19, 2025
The Business Guardian
The Power of Words: Shaping reality through speech
Words are not merely sounds we utter; they are powerful vibrations that shape our thoughts, emotions, and reality.
2 mins
December 19, 2025
The Business Guardian
Rupee likely to bounce back in second half of next fiscal: SBI Report
The Indian Rupee, which has been under pressure in recent times, is likely to bounce back strongly in the second half of the next financial year, from October 2026 to March 2027, according to a report by the State Bank of India (SBI).
2 mins
December 19, 2025
The Business Guardian
Balaji Mannem Conferred Honorary Degree by California Public University (USA)
Mr.
1 min
December 19, 2025
Listen
Translate
Change font size