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New Income-tax Bill: Key recommendations in Task Force’s Report

August 20, 2019
The Government has constituted a task force in November 2017 to draft a new direct tax laws in consonance with economic needs of the country. The proposed new Income-tax law, if accepted, will replace the existing Income-tax Act, 1961 which is a 58 years old legislation. In this article, we have list down the recommendations in respect of new Income-tax law gathered from different sources.
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