Financial
CBDT forms Internal Committee to oversee comprehensive review of Income Tax Act
The Central Board of Direct Taxes (CBDT) has formed an Internal Committee to oversee a comprehensive review of the Income Tax Act, of 1961.
CBDT forms Internal Committee to oversee comprehensive review of Income Tax Act
New Delhi: The Central Board of Direct Taxes (CBDT) has formed an Internal Committee to oversee a comprehensive review of the Income Tax Act, of 1961.
The Ministry of Finance said that the goal of this committee is to make the Act concise, clear, and easy to understand, which will reduce disputes, and litigation, and provide greater tax certainty to taxpayers. The Ministry also invited suggestions from stakeholders, experts, and the public on the Income Tax e-filing portal.
Read Also : Sanjay Kumar Jha recommended for MCL Director (Technical) postThe suggestions are invited under four categories that are Simplification of Language, Litigation Reduction, Compliance Reduction, and Redundant/Obsolete Provisions. The suggestions can be submitted on the e-filing portal on the Income Tax Department’s official website.
Read Also : BEL's first Regional Product Support Centre in AgraNews Must Read
- Bank of Baroda announces Iconic Partnership with Sachin Tendulkar as its Global Brand Ambassador
- NTPC Korba shares Landmark achievement: Read About Project
- RVNL, RITES, SAIL fell up to 8% in weak market, BSE PSU index slips 3%
- Union Minister of Coal and Mines Visits Western Coalfields Limited to Review WCL Performance
- BHP, SAIL pacts MOU to accelerate potential pathways to steel decarbonisation
- Airtel Business partners with Fortinet, launches Airtel Secure Internet
- HDFC Bank increases MCLR rates on two tenures, borrowing costs set to rise, Check details
- SECL plants over 1.46 Lakh Saplings under Ek Ped Maa Ke Naam campaign
- NTPC Bongaigaon Employee shines at Kavi Sammelan at IOCL Refinery
- MRPL Awarded for Corporate Environment Excellence