Tax practitioners’ urge govt to rationalise personal income tax

KOLKATA, July 14 (PTI): A direct tax practitioners’ body on Sunday urged the government to reduce personal income tax burden on citizens in the upcoming Union budget later this month.

All India Federation of Tax Practitioners (AIFTP) president Narayan Jain stated that the exemption limit should be increased to Rs 5 lakh.

He emphasized the need for simplifying the tax structure to ease compliance.

by KV Network

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