Tax law amendments expand taxable bases and procedural reforms, adding online gaming taxation and a Joint Commissioner (Appeals) layer.

The Bill makes comprehensive amendments to the Income tax Act: it revises definitions and taxable inclusions (including Electronic Gold Receipt treatment and Market Linked Debentures), introduces Agniveer Corpus Fund tax treatment, tightens SEZ deduction realisation and return filing conditions, restructures charitable trust approval and corpus application rules, creates Joint Commissioner (Appeals) with specified appeal jurisdiction and transfers, introduces taxation and withholding rules for online gaming and winnings, adjusts presumptive tax thresholds tied to cash receipts, and amends procedural timelines for searches, assessments and valuations.

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