“Let me guarantee you (within the earnings tax invoice) there can be no additional tax on the taxpayers,” he stated in a post-budget interplay on the PHD Chambers of Commerce and Trade.
He stated the invoice will incorporate all tax-related modifications introduced within the funds, together with earnings tax charges, slabs and tax deducted at supply (TDS) provisions.
“We’re additionally not altering coverage in a giant method. We don’t wish to create any unstable scenario,” Pandey stated.
Finance minister Nirmala Sitharaman introduced in her funds speech {that a} new earnings tax invoice can be launched quickly which can be easier to know and can cut back litigation. The brand new invoice will exchange the six-decade-old Revenue Tax Act.
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