What are the key aspects of the new Income Tax Bill set to be tabled in Parliament

1. The new Income Tax Bill aims to simplify the tax filing process and reduce the compliance burden on taxpayers. 2. It might propose changes in tax slabs and rates to provide relief to certain income groups. 3. The Bill could introduce measures to encourage voluntary compliance and reduce tax evasion. 4. It may include provisions for enabling faceless assessment and appeals processes to ensure transparency and fairness. 5. The size of the new Income Tax Bill is expected to be substantial, encompassing amendments to existing tax laws and introducing new provisions to achieve the stated objectives.