New Income Tax Bill Halves Word Count, Eases Compliance: Baijayant Jay Panda
Wednesday, 23 July 2025Newsdesk
Mr Panda said the new draft bill reduces the word count of the Income Tax Act by nearly 50 per cent, from around 5 lakh words to 2.5 lakh.
New Delhi 23 July 2025
As per news report of NDTV,BJP Member of Parliament and Chairman of the Finance Select Committee, Baijayant Jay Panda on Tuesday reflected upon the ongoing simplification of India's tax laws, stated that the newly proposed Income Tax Bill aims to make compliance easier for taxpayers without altering tax policies or rates.
Source - NDTV
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