Ease of Doing Business reforms: direct tax clarifications and compliance relief to reduce burdens and expedite assessments. Proposed amendments clarify that Explanation 5 to section 9 will not apply to investments held, directly or indirectly, by regulated broad based foreign portfolio investors; relax the corpus requirement for offshore funds in the winding up year under section 9A; introduce exemptions and procedural reliefs including Forms 15G/15H eligibility for insurance commission, non deduction for RFCTLARR exempt compensation, raised thresholds for maintenance of books and audit exclusions for eligible presumptive taxpayers, concessional taxation for carbon credit transfers, and progressive reduction of time limits for assessment and search assessment, alongside merger and qualification changes for the Authority for Advance Rulings.