Income tax bill won't raise tax or compliance load: Finance secretary Tuhin Kanta Pandey

Finance secretary Tuhin Kanta Pandey assured taxpayers there will be no additional taxes or compliance burdens in the new income tax bill expected to be tabled next week. The bill will include changes announced in the budget, such as income tax rates and TDS provisions, aiming to simplify understanding and reduce litigation, replacing the old Income Tax Act.

from Economic Times https://ift.tt/QjMFnp4