Columnist-M.S.Shanker

Gift to Taxpayers

For decades, India’s taxpayers have slogged through a byzantine web of rules, archaic forms, and enough legal jargon to make a Supreme Court judge reach for an aspirin. The Income Tax Act of 1961, while a landmark in its time, had turned into a creaky, overgrown forest of clauses, sub-clauses, exceptions, and obscure circulars. Every…

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