Income Tax Bill Streamlined: 201 Pages Shorter!

The Indian Income Tax Act, 1961, has undergone a significant transformation with the introduction of a new and more concise Income Tax Bill.

What’s New?

📌 The old Income Tax Act spanned 823 pages, whereas the new bill has been reduced to 622 pages, making it 201 pages shorter.
📌 The bill is now structured into 536 sections, 23 chapters, and 16 schedules, improving clarity and efficiency.
📌 The changes aim to simplify tax laws, enhance compliance, and reduce complexities for taxpayers.

Key Benefits of the New Tax Bill

✅ More concise and structured taxation laws
✅ Easier compliance for businesses and individuals
✅ Enhanced transparency in tax regulations
✅ Streamlined sections for better understanding

This update marks a step toward modernizing India’s tax system, making it more accessible, efficient, and transparent.

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At Taxla Services, we provide expert tax consulting, financial advisory, and compliance assistance to help businesses navigate tax laws efficiently.

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