Login / Signup

Question

What is the primary objective of the new Income Tax Bill approved by the Union Cabinet?

A To increase tax rates for high-income earners

B To introduce new exemptions for business owners

C To simplify and consolidate tax laws by reducing redundant sections

D To provide tax holidays for foreign investors

E To increase GST applicability across multiple sectors

Practice Next

More Daily Beepedia Current Affairs Questions

During PM Narendra Modi’s visit to Norway in May 2026, India and Norway elevated their bilateral ties to which partnership level?
As per the SBI report, what is the projected fiscal deficit-to-GDP ratio for FY26?
In the Responsible Nations Index 2026, what was India’s global rank?
Under the AIM–HUL circular economy partnership, how many start-ups will be supported over three years?
Which bank has launched its branch in GIFT-IFSC to offer corporate clients long- and short-term financing solutions through the IFSC branch, while providi...
What significant urban reform has Andhra Pradesh introduced under its Self-Certification Scheme?
The Himachal Pradesh government has increased the prize money for medal winners in international championships. How much will a gold medalist in the Olympi...
Which lunar mission’s payload recorded the first direct observation of a Coronal Mass Ejection’s impact on the Moon’s exosphere?
Which country recently launched the AI for Development (AI4D) Initiative to expand artificial intelligence applications in agriculture and healthcare?
What was Andhra Pradesh’s score in the “State of India’s Environment 2025 in Figures” report?

Relevant for Exams:

Hey! Ask a query

ask-question