Wealth tax incoming, govt on verge of major changes in tax structure

The government has taken the initiative of major structural changes in taxing the rich. It has been planned to introduce 'wealth tax' in the budget for the upcoming FY27 by abolishing the conventional surcharge system. At the same time, initiatives are being taken to use market-based or mouza prices instead of deed prices to determine the value of land and immovable assets. According to... Details

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