New I-T bill not to have provisos, explanations; may come up in Cabinet on Friday
- Posted on February 6, 2025
- By Business News Today
- 6 Views
New I-T bill not to have provisos, explanations; may come up in Cabinet on Friday
The new income tax bill, set to be introduced in Parliament, will feature simpler language and avoid long sentences, provisos, and explanations. The bill, aimed at replacing the old Income Tax Act, 1961, will not introduce new taxes or significant policy changes, ensuring stability for taxpayers.
