Income Tax Bill 2025: Lok Sabha Panel Backs Deductions for Late Filers
Introduction Indeed, the Income Tax Bill 2025 marks a pivotal moment in India’s tax reform journey. Consequently, when the Lok Sabha Select Committee reviewed the draft legislation, it zeroed in on practical safeguards for taxpayers. Accordingly, the panel backed provisions allowing deductions even for those filing late. This shift embodies a welcome balance between compliance […]
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