https://www.taxtmi.com/news?id=32607 The Budget's higher exemption threshold and reworked slabs are expected to increase uptake of the new tax regime, which simplifies filing by eliminating deductions. The I-T Department is deploying electronic data collection, analytics and AI to prompt voluntary revisions and updated returns, thereby widening and deepening the tax base. Where patterns of bogus deductions or ill-advising are identified, the department uses targeted enforcement and engages designated deductors to obtain corrections. en-us Sun, 02 Feb 2025 17:46:02 +0530 Sun, 02 Feb 2025 17:46:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=32607 The Budget's higher exemption threshold and reworked slabs are expected to increase uptake of the new tax regime, which simplifies filing by eliminating deductions. The I-T Department is deploying electronic data collection, analytics and AI to prompt voluntary revisions and updated returns, thereby widening and deepening the tax base. Where patterns of bogus deductions or ill-advising are identified, the department uses targeted enforcement and engages designated deductors to obtain corrections. News - Sun, 02 Feb 2025 17:46:02 +0530 https://www.taxtmi.com/news?id=32607