Tag: income tax

Overview of the Income Tax Bill The newly introduced Income Tax Bill in India represents a pivotal development in the country’s fiscal landscape. Aiming to streamline and modernize the existing tax framework, the bill proposes significant reforms under the finance acts of 2023 and 2025. One of the foremost objectives of this bill is to…

Overview of the Income Tax Bill The new income tax bill in parliament represents a significant development in the ongoing efforts to reform India’s tax policies. Primarily aimed at streamlining and modernizing the existing tax framework, this bill seeks to address various pressing economic issues, including disparities in income distribution and the need for a…