00:00I now present my proposals on direct taxes
00:04New Income Tax Act
00:06In July 2024, I announced a comprehensive review of the Income Tax Act 1961
00:15This was completed in a record time and the Income Tax Act 2025 will come into effect from 1st April 2026
00:24The simplified income tax rules and forms will be notified shortly
00:31Giving adequate time to taxpayers to acquaint themselves with its requirements
00:37The forms have been redesigned such that ordinary citizens can comply without difficulty
00:44Ease of living
00:46I propose that any interest awarded by the Motor Accident Claims Tribunal
00:52To a natural person
00:54Will be exempt from income tax
00:57And any TDS on this account will be done away with
01:02I propose to reduce TCS rate
01:06On the sale of overseas tour programme package
01:09From the current 5% and 20% to 2% without any stipulation of amount
01:22And the results occur later
01:39in Non 보는 the distribution of product
01:41On the sale of overseas tour cadea
01:45झाल झाल
02:15झाल झाल
02:45झाल
03:15झाल
03:45झाल
04:15झाल
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