Income-tax (4th Amendment) Rules, 2019: Streamlined Tax Computation, Clarified Liabilities, Enhanced Reporting for Improved Compliance and Transparency.

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....The Income-tax (4th Amendment) Rules, 2019, focus on streamlining tax computation, clarifying tax liabilities, and enhancing reporting requirements. These changes aim to improve compliance and transparency within the tax system. The amendments provide updated guidelines for taxpayers and authorities to ensure a clearer understanding of tax obligations and facilitate more efficient processing of tax-related matters.....