Heavy taxes likely on non-filers, solar buyers, phone users
Govt plans new fiscal measures after missing revenue goals
Govt plans new fiscal measures after missing revenue goals
Deadline to submit income tax returns for 2025 expires today (Wednesday)
Banks begin sharing transaction details with the tax authority.
Latest measures are aimed at boosting tax compliance and increasing revenue
'New budget includes proposal to eliminate distinction between filers and non-filers'
IMF tightens terms of loan facility, expressing concerns over economic risks
Tax Laws Amendment Bill 2024 proposes strictest penalties yet to crack down on tax evasion
Despite rise in tax filings, large portion of individuals with taxable incomes remains outside tax net
Move is part of govt broader efforts to widen the tax net and increase compliance
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