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Global Business News

The Economic Times

Global Business / The Economic Times

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New I-T Act will increase voluntary compliance: Official

The Income Tax Act, 2025 will boost voluntary compliance by simplifying provisions and reducing complexity, a senior official said. The revamped law aims to lower compliance costs, cut litigation, and improve clarity. Authorities are conducting outreach programmes to raise awareness and help taxpayers better understand and adopt the new system.

21 Apr 2026 9:49 pm