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India plans new Income Tax bill to simplify 63-year-old law, set to be introduced January 31.
India plans to introduce a new Income Tax bill during its Budget session, starting January 31, to simplify the 63-year-old tax law and reduce disputes.
Finance Minister Nirmala Sitharaman announced this comprehensive review in July, aiming to make the law easier to understand and more accessible.
The draft is under review and expected to be presented in the session's second half.
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India planea un nuevo proyecto de ley del Impuesto a la Renta para simplificar la ley de 63 años, que se presentará el 31 de enero.