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The government will introduce the Jan Vishwas Bill 2.0 to decriminalize over 100 more outdated legal provisions to promote the ease of doing business in the country, said Union finance minister Nirmala Sitharaman while presenting the Union Budget 2025-26 on Saturday.
The central government may decriminalise minor income tax offences and replace prosecution with penalties as part of its agenda for the first 100-days. The news was broken by MoneyControl, which cited a senior government official, stating that the move was aimed at enhancing the ease of doing business.
In a first, the Centre is likely to fulfil a long standing demand of the industry to decriminalise minor income tax offences to prevent prosecution and replace it with penalty, with the aim to boost ease of doing business, a senior government official said.
India is contemplating a significant hike in the threshold for arrests and criminal prosecutions in cases of Goods and Services Tax…