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The Act introduces tables and formulas. Around 39 tables and 40 formulas replace lengthy legal text.
For many middle-class taxpayers, equity mutual funds are redeemed during critical life events.
If the card was only in the deceased person’s name, the debt does not transfer to the spouse, children, or parents.
Taxes decide how much money finally reaches your bank account.
According to officials, the focus is on reducing notices, speeding up refunds, and cutting paperwork.