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flag India reviews new Income Tax Bill to simplify laws and boost digital, startup investments.

flag The Indian government is reviewing a new Income Tax Bill aimed at simplifying tax laws and providing clearer definitions. flag Led by MP Baijayant Panda, the bill seeks to update the 1961 Income Tax Act with modern terminology and stricter compliance for non-profits. flag It also encourages investments in digital and startup sectors. flag The bill aims to offer a fair tax structure for all taxpayers, including individuals and businesses.

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