*Finance Minister Nirmala Sitharaman presented the new Income Tax Bill in the Lok Sabha on Thursday, aiming to simplify and comprehensively revamp the current Income Tax Act of 1961.* ➡️ The existing act has been criticised for its complexity and difficulty for ordinary taxpayers to navigate. The proposed new bill is projected to have 23 chapters, 16 schedules, and approximately 536 clauses, a significant reduction compared to the previous act, which consisted of 823 pages, 23 chapters, 14 schedules, and 298 sections. Read More 👉 https://tinyurl.com/5432mjhy _Turn On The Notifications 🔔 to never miss an update from businesstoday.in_