Govt to replace the income tax task with the new performance tax tax by 2026

The government is defined to the income tax hall, 2025, an India’s tax review, the entrance the entertainment, expected to enter the purpose of simplifying the imposition The structures to improve respect, and curb, evasion of taxes.

The Bill, presents 16 Shappelle and 23 capapites, purchased 14 hours in existing law, restoring clarity to improve.

Define the tax income, the state of residence, and sources covering, wages, business profits, capital earnings, and foreign. Example for charity feds and political parties remain, while deductions for wages, goods of welfare and employees were specified.

A key feature of the new law is their restructuring section to do the most accessible tax and easier tax provisions to understand for taxpayers. The project also introduces evaluating requests and resolution disputes, reducing burractic delays and human intervention.

The tax compliment will be more simple with electronic mandatory figures, expansion expansion of the audit, and digitized documentation. The rule of anti-avoiding (Gaar) was reinforced, along the rulers of the slightest transferers for monitoring border transactions and prevents the tax.

The project is expected to homate to the references to the old tax regime, making the tax regime the defaults the default. However, taxpayers can also opt for the old fiscal regime if you choose.

With a fire on digital compliment, transparency, effective administration, the payment of the impact, 2025, marie a measurement in the keyboard of India’s keyboard.