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Status Quo: Govt's 10-Year Report
Outlook Money
|February 2024
The FM referred to income tax reforms such as the new simplified tax regime, filing of updated tax returns, introduction of Form 26AS, prefilling of tax returns, and more
As Union Minister of Finance Nirmala Sitharaman unveiled the Interim Budget for fiscal year (FY) 2024-25, taxpayers eagerly anticipated some relief on the personal tax front. However, the budget being a "vote on account", did not propose any changes for both direct and indirect tax. Though this was expected, taxpayers had a sliver of hope for tax rate reduction or increase in deductions.
This story is from the February 2024 edition of Outlook Money.
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