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Posted on February 13, 2025, by Niftynews In a significant development, BJP MP Tejasvi Surya expressed his support for the new Income Tax Bill on Thursday, emphasizing that the proposed legislation will modernize and simplify India Direct Taxation System. According to Surya, the bill aims to make compliance easier for Indian taxpayers by reducing litigation and…
Posted on February 12, 2025, by Niftynews The much-awaited New Income Tax Bill is set to make a major overhaul of the Indian tax system, with the proposal to introduce 23 chapters and 16 schedules. The bill is aimed at simplifying the tax framework, reducing paperwork, and enhancing compliance for both taxpayers and the tax department….