Revenue Secretary confirms government's commitment to simplify tax laws, improve compliance, and support economic growth.
Revenue Secretary Sanjay Malhotra confirmed the government's dedication to fairness, simplicity, and equity in the tax system. The government aims to simplify tax laws, improve compliance, and support economic growth through prudent fiscal policies. They are reviewing direct taxes for simplification and have reduced customs duties in specific sectors to enhance competitiveness. Support for industries includes measures like the removal of angel tax and lowering corporate tax rates for foreign firms.
August 03, 2024
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