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Income Tax dept activates section-wise mapping of old I-T Act, new tax bill

by AIP Online Bureau | Feb 15, 2025 | Eco/Invest/Demography, Indian News, Policy, Workplace/Employee Benefits

The Bill introduces a new concept of ‘tax year’ as the 12-month period beginning from April 1. This would replace the present concept of assessment and previous year. Currently, income earned in the previous year (PY) say in the year April 2024 to March...

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