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Income Tax Bill: New Income Tax Bill Get ready, what is special about CBDT chairman Ravi Aggarwal – Income Tax Bill New Income Tax Bill is ready know what is special in it from Cbdt Chairman Ravi Agarwal

Income tax: Finance Minister Nirmala Sitharaman had said in her budget speech that the new income tax bill will be kept in Parliament soon. After this, there may be major changes in the rules related to income tax. CBDT Chairman Ravi Aggarwal had a special conversation with CNBC voice correspondent Alok Priyadarshi on what will be special in the new income tax bill. In this conversation, Ravi Aggarwal said that there has been a continuous change in the 64 -year -old Act. Now is the time to convert it into a new and modern act. The new act is according to the convenience of taxpayers. It has removed the old and useless provisions. This will be about half compared to the old act.

Ravi Aggarwal further said that the new Act has taken full care of AI and Digital Economy. It will include the recommendations of Parliament committees. The government is trying to bring people into new tax regime. Currently, there are 75 percent taxpayers in the new tax regime. After the income tax exemption, the new regime will have 95–97 percent taxpayers. Will make it easy for taxpayers to file tax returns.

Online gaming GST not reconsidered on GST

meanwhile CNBC voice also had exclusive conversation with CBIC chairman Sanjay Aggarwal Is. In this conversation, he has said that online gaming companies are currently not being reconsidered on 28 percent GST. The CBIC chairman said in this exclusive conversation that after custom duty, now Agri and Infra Development Cess will be rationalized. There is a preparation for relief on more custom duty items. Custom duty has been reduced from 15 per cent to 8 per cent. The next step will be rationalization in AIDC. There is no concern about the US tariff. GST revenue has increased by 4 times from online gaming.

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