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Brief
The Finance Bill, 2025 has been pending by the House of the People on 01/02/2025. This bill proposes to amend several sections of the Income-tax Act and the Customs Tariff Act, including increasing tax thresholds, revising tariff rates, and introducing new provisions for taxation and indirect taxation. The amendments aim to simplify tax laws, reduce compliance burdens, and promote economic growth, with significant implications for businesses operating in various sectors.
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