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of <h1>Tax Return Verification Overhaul: Modernized Compliance Framework Enhances Procedural Clarity for Diverse Business Entities Under Income Tax Bill</h1> Legal document analysis reveals a comprehensive update to tax return verification procedures in India. The new Income Tax Bill, 2025 modernizes verification requirements for different entity types, maintaining core principles from the 1961 Act while incorporating contemporary business structures. Key changes include clarified verification authorities for companies, partnerships, and entities under insolvency, with enhanced procedural flexibility. The legislation aims to reduce ambiguities, align with current legal frameworks, and ensure robust tax compliance across diverse organizational forms.
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