CBDT chief says 88 per cent of individual taxpayers have opted for new tax regime

A significant 88% of individual taxpayers have opted for the new tax regime, with the government not planning a sunset clause for the old regime. The new regime offers lower tax rates and exemptions for those earning up to Rs 15 lakh annually. The Budget also proposes changes to MAT and STT to influence taxpayer behavior.

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Sebi to ease ‘fit and proper person’ criteria

Sebi proposes to revise ‘fit and proper person’ criteria for market intermediaries, including stockbrokers, to ease compliance burdens. The regulator suggests removing automatic disqualification upon

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