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Inktober challenge
Day 10 : Hope
Model : Stanley Uris and Bill Denbrough from It (movie)
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5 Major Reforms in India’s Income Tax Bill 2025 You Should Know About
Income Tax Bill 2025: What You Need to Know! 🚨
Big changes are coming! The Income Tax Bill 2025 aims to simplify taxation, making compliance easier for everyone. Here’s a quick breakdown:
📌 Goodbye "Assessment Year"! Now, there’s just one 'Tax Year', making tax filing clearer and hassle-free.
📌 Crypto & Digital Assets Defined! 💰 NFTs, cryptocurrencies, and other VDAs get a proper legal framework.
📌 No More Jail for Non-Filing! ❌🚔 The bill replaces criminal penalties with monetary fines for non-filers.
📌 More Power to Tax Authorities! 🔍 Stronger measures to fight tax evasion and ensure fairness.
📌 Simplified Tax Language! 📖 Less jargon, more clarity, and a reduced tax act size for easy understanding.
💡 These reforms aim to make taxation smoother and fairer for all!
👉 Want to know how these changes affect YOU?
Read the full breakdown here: https://www.suvit.io/post/income-tax-bill-2025
