https://www.taxtmi.com/news?id=32620 Direct taxation policy was expedited toward a simplified, compliance friendly Income Tax Act and concurrent rate reductions to deliver predictable, taxpayer friendly slabs while preserving revenue integrity. The government coupled rate relief with internal assurances on collection efficiency and a fiscal framework that maintains a debt to GDP glide path and committed capital expenditure. Complementary measures include widening the tax base through administrative nudges, tariff rationalisation to support manufacturing and MSMEs, PSU performance and calibrated disinvestment, exchange rate stabilization, and AI skilling and centres of excellence to support growth. en-us Sun, 02 Feb 2025 19:46:03 +0530 Sun, 02 Feb 2025 19:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=32620 Direct taxation policy was expedited toward a simplified, compliance friendly Income Tax Act and concurrent rate reductions to deliver predictable, taxpayer friendly slabs while preserving revenue integrity. The government coupled rate relief with internal assurances on collection efficiency and a fiscal framework that maintains a debt to GDP glide path and committed capital expenditure. Complementary measures include widening the tax base through administrative nudges, tariff rationalisation to support manufacturing and MSMEs, PSU performance and calibrated disinvestment, exchange rate stabilization, and AI skilling and centres of excellence to support growth. News - Sun, 02 Feb 2025 19:46:03 +0530 https://www.taxtmi.com/news?id=32620