2025-02-14 02:14:24 pm | Source: BDO India
Expert inputs on New Income Tax Bill 2025 by Munjal Almoula, Head of Tax, BDO India
Below the Expert inputs on New Income Tax Bill 2025 by Munjal Almoula, Head of Tax, BDO India
“As was expected, the New Income Tax Bill doesn’t seek to introduce any additional tax burden on taxpayers. What the bill attempts to do is simplify the language contained in the Income-tax Act of 1961, provide greater clarity through explanations and provides more transparency to taxpayers. Another important aspect introduced through the new tax bill is providing guidance on the taxability of income streams emanating through new age business such as digital assets etc.”
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