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This article highlights the importance of investing in social infrastructure like schools, hospitals, and transit to improve lives, boost economies
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India’s 2024 tax reforms have introduced significant changes aimed at simplifying the tax structure, encouraging investments, and fostering economic growth. The new income tax regime features updated slabs, including increased standard deductions, offering substantial relief to middle-income taxpayers. The abolition of the angel tax is a major move to support startups, reduce compliance burdens, and attract foreign investments. Additionally, overhauling capital gains tax and reduced TDS rates on various transactions aim to streamline processes for individuals and businesses. These reforms reflect the government’s commitment to creating a more transparent and efficient tax system while positioning India as a global economic powerhouse.
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