India's Tax Overhaul: Simplification Fuels Growth, But Challenges Linger - Whalesbook

### The Strategic Tax Overhaul The Indian Finance Ministry has firmly addressed public and parliamentary discussions, unequivocally denying the existence of a multi-layered income-tax structure. The government's stance emphasizes that the Income-tax Act, 1961, remains the sole governing legislation for income taxation, with surcharges and cesses applied additionally rather than constituting separa…