Income Tax: There are currently two income tax regimes in India. But Revenue Secretary in the Finance Ministry, Sanjay Malhotra, has said that there should be only one income tax regime in the country. He said that 70 percent of the taxpayers who are filing income tax returns for the assessment year 2024-25 have filed income tax returns under the new income tax regime. Addressing the post budget session at the business chamber PHD House of Commerce and Industry, Sanjay Malhotra said, currently there is Old Income Tax Regime and…
Read MoreIndia Don’t Need Two Income Tax Regime Says Revenue Secretary Sanjay Malhotra
