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What is New Income Tax Bill? Top points
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The New Income Tax Bill is likely going to be introduced by Finance Minister Nirmala Sitharaman in the Lok Sabha today. There is a lot of speculation going on about how the new bill will impact the taxpayers.
Experts believe that the new tax bill will bring a reform in the compliance framework. Ankit Garg, CEO, Wealthy Nivesh, shared that the New Income Tax Bill is expected to remove the issues related to penalties, litigations, and ambiguities in the tax filing process.
Garg noted that the new bill is going to bring a 'transformative' shift in the country's taxation system by focusing on simplification and modernisation instead of imposing new taxes.
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Mallikarjun Kharge,
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“ We will never accept such fake reports. If the report does not have dissent views, it should be sent back and presented again,
Mallikarjun Kharge,
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“ The Union finance minister said that the new Income Tax Bill would be easy,
Manish Tewari,
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Mallikarjun Kharge,
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“ We are opposing this bill. The entire opposition is united on this. There may be some parties from the ruling side which might be with us on this,
Dimple Yadav,
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