Income Tax Filing Transformative Changes – Simplify the Process

Income Tax Filing Transformative Changes – Simplify the Process

In the past two – three years, Income Tax payers have witnessed significant changes aimed at simplifying the filing process for taxpayers. The introduction of faceless assessments, and a reduced tax liability are among the noteworthy developments.

Here are five pivotal changes that have made income tax return filing more accessible and efficient.

1. New Tax Regime: Attractive Rates and Rebates

The introduction of the new income tax regime in 2020 brought about lower tax rates, albeit without the benefits of deductions and exemptions.

The Budget 2023 added further allure to the new regime by announcing a — READ MORE

source – Techiyogiz

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