Srinagar, Feb. 1 -- Finance Minister Nirmala Sitharaman announced that a new Income Tax Bill, known as the Direct Tax Code (DTC), will be introduced next week to streamline tax compliance for individual taxpayers. The DTC aims to simplify the tax process, make it easier to understand, and reduce the volume of tax-related litigation. Sources indicate that the bill might be introduced during the current Parliament session.

Published by HT Digital Content Services with permission from Kashmir News Service....