Prime Minister Narendra Modi will roll out the platform for “Transparent Taxation – Honoring the Honest”. The new platform will carry forward the journey of direct tax reforms and will also reward the honest taxpayers.
Several major tax reforms in direct taxes have been carried out by the Central Board of Direct Taxes (CBDT). These reforms includes reduction in the Corporate Tax rates from 30% to 22%, abolition of Dividend distribution Tax as well as reduction in the rates for new manufacturing units to 15%. The reforms also includes Direct Tax “Vivad se Vishwas Act, 2020″ under which declarations for settling disputes are being filed currently, and introducing more transparency in official communications via the newly launched Document Identification Number (DIN).
Important takeaways for all competitive exams:
The Daily Current Affairs Quiz which keeps you updated with the current events happening all…
The Tata Group is one of India's biggest and oldest business groups, known for its…
Nikita Porwal from Madhya Pradesh has emerged as the winner of the Femina Miss India…
NITI Aayog is gearing up to host the Second International Methanol Seminar and Expo 2024…
India’s Akhil Sheoran clinched the bronze medal in the 50m Rifle 3 Positions event at…
India is a land of diverse cities, each with its unique charm and identity. Many…