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Simple tax regime in four years promised
Finance Minister Pranab Mukherjee Monday promised to revamp the country's tax structure, with a simple and exemption-free regime in four years.
This is in line with the government's stated agenda of a new income tax code to simplify the tax structure that is replete with exemptions and complex provisions.
Last updated on Jul 6th, 2009 at 11:55 am IST--IANS
Possibly related news:
- Income tax exemption limit increased, corporate tax rate unchanged (July 6)
- Tax structure to be simplified: Mukherjee (July 6)
- Fringe benefit tax abolished (July 6)
- Presumptive tax scope to be extended (July 6)
- Donations to electoral trusts to get tax exemption (July 6)
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