New Income Tax Bill 2025 proposes major simplification; Reduces sections, chapters, and word count
Lok Janshakti Party MP Arun Bharti hailed the Income Tax Bill, 2025 as a historic step toward simplifying India's tax framework. The bill, presented in Lok Sabha, proposes major structural reforms, eases compliance for startups and MSMEs, and aims to reduce litigation through clearer language and streamlined procedures.
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