Income Tax Act 2024

Income Tax Act 2024. It covers the tax rates, exemptions, deductions, allowances, and penalties. The finance (no.2) bill, 2024, presented in lok sabha, contains various amendments to income tax, customs and excise duties, and health cess.


Income Tax Act 2024

The income tax (amendment) bill 2024 (“ita amendment bill”) and labuan business activity tax (amendment) bill 2024 (“lbata amendment bill”) have been tabled for first. The irs provides annual adjustments for more than 60 tax provisions for tax year 2024, including the tax rate schedules and other tax changes.

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