https://www.taxtmi.com/news?id=32613 The review proposes rewriting the income-tax law to simplify language, restructure provisions, reduce litigation and compliance burdens, and expand presumptive taxation so small taxpayers can declare income at prescribed rates without full bookkeeping. The new Income Tax Bill aims to remove obsolete provisions while maintaining legal continuity through repealing and saving clauses, and the tax administration will adopt a PRUDENT approach-Proactive, Responsive, User-friendly, Data-driven, Enabling, Non-intrusive and Technology-enabled-to promote a taxpayer-centric, service-driven regime. en-us Sun, 02 Feb 2025 19:16:03 +0530 Sun, 02 Feb 2025 19:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=32613 The review proposes rewriting the income-tax law to simplify language, restructure provisions, reduce litigation and compliance burdens, and expand presumptive taxation so small taxpayers can declare income at prescribed rates without full bookkeeping. The new Income Tax Bill aims to remove obsolete provisions while maintaining legal continuity through repealing and saving clauses, and the tax administration will adopt a PRUDENT approach-Proactive, Responsive, User-friendly, Data-driven, Enabling, Non-intrusive and Technology-enabled-to promote a taxpayer-centric, service-driven regime. News - Sun, 02 Feb 2025 19:16:03 +0530 https://www.taxtmi.com/news?id=32613