Old tax regime to stay, but why would anyone want it now: CBDT chairman

The new income tax law will be easier to understand, free of outdated provisions, and aims to encourage taxpayers to switch to the new regime with significant concessions. Additionally, a new crypto asset reporting provision has been introduced to align with India’s international commitments. The new income tax law will be easier to understand, free of outdated provisions, and aims to encourage taxpayers to switch to the new regime with significant concessions. Additionally, a new crypto asset reporting provision has been introduced to align with India’s international commitments.  Economic Times