Finance secretary Tuhin Kanta Pandey assured taxpayers there will be no additional taxes or compliance burdens in the new income tax bill expected to be tabled next week. The bill will include changes announced in the budget, such as income tax rates and TDS provisions, aiming to simplify understanding and reduce litigation, replacing the old Income Tax Act.
Banks look to shift focus to MCLR-linked loans ahead of rate cuts to protect margins
Amid expectations of a softer rate cycle, several banks plan to raise the share of MCLR-linked loans to protect net interest margins from falling sharply
February 7, 2025