Delhi Delhi: The simplified Source of revenue Tax Invoice 2025, which brings the idea that of ‘tax yr’ and ends the previous and complicated phrases ‘earlier’ and ‘analysis years’, could be offered in Parliament on Thursday. The invoice contains 536 sections, 23 chapters and 16 schedules in best 622 pages.
It does no longer carry any new tax, however simplifies the language of the present Source of revenue Tax Act, 1961. The six many years previous regulation is composed of 298 sections and 14 schedules. It had 880 pages when the Act used to be offered. New Invoice needs to interchange the Source of revenue Tax Act, 1961
#simplified #source of revenue #tax #invoice #integrated #idea #tax #yr