Indian Tax Law Overhaul: New Tax Slabs, Startup Incentives, Digital Tax Administration, and Green Energy Support.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....The Indian Tax Law has undergone significant changes with the introduction of new tax slabs, aimed at simplifying and making the tax system more equitable. The reforms include incentives for startups to foster innovation and entrepreneurship, enhancements in digital tax administration to improve efficiency and compliance, and support for green energy initiatives to promote sustainable development. These changes were introduced as part of the Finance Act, 2023, and the Union Budget 2023-24, reflecting the government's focus on economic growth and environmental responsibility.....