00:00।
00:30to adjust the middle-income group to get relief from the middle-income group.
00:34The tax reduction and exemption has been modified,
00:38in which the salary class and the small business owners will directly be used.
00:42One important change is the filing process.
00:46If there was a tax-fair due date after ITR filed,
00:50the refund was blocked.
00:52The late filing means that if you were able to be eligible for the refund,
00:58you wouldn't get money.
01:00But the rule changed.
01:02If you were able to file the ITR,
01:04if you are eligible for refunds,
01:06then you will get a refund.
01:08No authority can give refunds,
01:10and this will be a big step for tax-fair.
01:16Also, the tax administration will become modern.
01:20Digital filing, paperless process,
01:23and fast refund system will be used for technology.
01:27This will be the income tax portal,
01:29so that the user experience will be smooth and quick.
01:33This will be the tax story for penalty provisions.
01:37The high-value transactions will be used for data integration,
01:43and the small tax payers will be reduced.
01:45Meanwhile, the tax payers will change in the order of tax payers.
01:48It will be the tax payers to make a business-fair.
01:49In the middle class,
01:51and the small business,
01:53and digital India's agenda will be boost,
01:55for now,
01:57this bill will be the idea of financial year.
01:59and that the tax-care friendly system is a step forward to creating a friendly system.
02:02Middle class, small business and digital India's agenda boosts this bill
02:08will have a lot of impact in the coming year.
02:11So, what's your new income tax bill for 2025?
02:15And what's your new changes for your future?
02:17Let us give our comments in our comments.
02:19And for this, keep watching and subscribe to Good Returns.
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