New Income-Tax Bill Likely To Be Unveiled On Feb. 6 — Profit Exclusive

The much-anticipated draft of the brand new Earnings Tax Invoice is anticipated to be unveiled on February 6. The proposed invoice goals to convey sweeping reforms to the present Earnings Tax Act and will probably see as much as 3 lakh phrases slashed from the close to 6 lakh phrases at current.Based on the folks within the know, the draft invoice is probably going to supply instructions to widen the tax internet, given the contraction within the tax base following the exemption lim…