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According the Union Finance Minister, government has plans for simplifying the tax structure during the next four years.
The income tax department has been advised for introducing a simplified version of the tax filing form Saral, which will be known as Saral 2.
The Union Finance Minister Pranab Mukherjee on Monday promised for restoring the country's tax structure, with a simple and exemption-free regime in four years.
This is aligned with the government's stated agenda of the new income tax code to simplify the tax structure that is replete with exemptions and complex provisions.
