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Budget proposes steps to reduce litigation, 'Vivad Se Vishwas' scheme 2.0 in offing

By Economic Times - 3 months ago
Budget 2024-25 proposes 'Vivad Se Vishwas' scheme 2.0, reduces reassessment limit to 5 years, and increases appeal thresholds. Changes to Income Tax Act aim to simplify tax processes and reduce litigation. Government focuses on improving taxpayer services and enhancing revenues.

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