India's tax system is set for a major overhaul with the Income-tax Act, 2025. The Finance Bill, 2026, should consider decriminalizing minor tax offenses. This move if made can help reduce taxpayer worry and streamline enforcement. Serious crimes like tax evasion will remain criminal. Reforms will balance revenue protection with taxpayer trust.
from Tax-Wealth-Economic Times https://ift.tt/EeSRc1U
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