Govt seeks public comments for income tax law revamp

The government-formed committee is seeking public suggestions to simplify the 63-year-old Income Tax Act by focusing on language clarity, reducing litigation, easing compliance, and identifying obsolete provisions. Feedback will help shape the committee's recommendations, possibly influencing the upcoming budget.

Oct 8, 2024 - 00:00

Govt seeks public comments for income tax law revamp

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The government-formed committee is seeking public suggestions to simplify the 63-year-old Income Tax Act by focusing on language clarity, reducing litigation, easing compliance, and identifying obsolete provisions. Feedback will help shape the committee's recommendations, possibly influencing the upcoming budget.