Revamping The Income Tax Act: New Tax on Exempt Categories

Mitali , Last updated: 14 November 2024 Share Follow on Google News

The Finance Ministry is accelerating efforts to review and streamline the Income Tax Act of 1961. The main aims to simplify the tax system and processes by removing redundant sections, sub-sections, and clauses. New Act Expected to be announced A new Income Tax Act i.e., Direct Tax Code is expect

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About the Author

Mitali

Finance Professional

I write about Income Tax, GST, TDS, RBI updates, government schemes, and personal finance in India. My focus is on simplifying complex tax and compliance topics into easy-to-understand guides that help readers stay updated with the latest financial rules, investment options, and regulatory changes.

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