People are opting, and seeing value in new tax regime: CBDT Chairman

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People are opting, and seeing value in new tax regime: CBDT Chairman - Business Standard

Quick Summary:

Will slashing taxes on foreign companies boost investment?

The reality is the number of transactions has increased exponentially, and the stakeholders, the people participating in this, cut across the taxpaying community, including the middle class.

This is to address those working in multinationals and getting employee stock options, miss declaring them in their returns, and pay a penalty of Rs 10 lakh, which is more than the value of the asset.