2024 Income Tax Rates In India. The ministry of finance has released specific explanations and commonly asked questions (faqs) regarding the direct tax vivad se vishwas scheme 2024, which was. Deductions under section 80 have also been reduced.

The income tax department on thursday issued revised guidelines for compounding offences under the income tax law by simplifying the process and lowering the charges. On the import duty front, the emphasis is to boost domestic manufacturing, in line with the ‘make in india’ and ‘aatmnirbhar bharat’ initiatives through rationalization of the customs.