ilmscore | Prediction Details
"government is going to introduce new income tax bill in next week what does that mean now of course you don't expect more exemption more deduction and any slap change but in this new income tax bill they going to simplify income tax and they will have a of filing written then I think the whole filing system system like it1 it2 might get revamped also few of the penalties might get reduced so what I heard from SI ran ma'am FM she said that at least half of the provisions would get disappeared half of the half of the things would be eliminated from income tax mainly related to this compliance part of so basically the boring stuff boring stuff will get reduced and the compliance will be a out and the scrutiny would be less"
By Finance With Sharan | February 2, 2025 | Pending
From video
Budget 2025 Simplified: How Will It Impact You? Experts Break It Down 00:43:02 - 00:43:57
Interpreted Prediction
A new income tax bill is expected next week to simplify income tax, revamp filing systems (like IT1, IT2), reduce penalties, and eliminate approximately half of the provisions, primarily related to compliance, leading to less scrutiny.

Prediction Details

Topic
Tax Regime Simplification

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