CBDT forms internal committee to comprehensively review Income-tax Act and invites suggestions from stakeholders/experts/public on the Income Tax e-filing portal

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..... CBDT forms internal committee to comprehensively review Income-tax Act and invites suggestions from stakeholders/experts/public on the Income Tax e-filing portal - News and Press Release Dated:- 7-10-2024 - News - CBDT forms internal committee to comprehensively review Income-tax Act and invites suggestions from stakeholders/experts/public on the Income Tax e-filing portal - - - Dated:- 7-10-2024 .....

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..... - In pursuance of the announcement in the Union Budget 2024-25 by Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman, the Central Board of Direct Taxes (CBDT) has formed an internal committee to oversee a comprehensive review of the Income-tax Act, 1961 (Act). The goal is to make the Act concise, clear, and easy to understand, which will reduce disputes, litigation, and prov .....

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..... ide greater tax certainty to taxpayers. The committee invites public inputs and suggestions in four categories: Simplification of Language Litigation Reduction Compliance Reduction, and Redundant/Obsolete Provisions To facilitate this, a webpage has been launched on the e-filing portal, which can be accessed with the following link: https://eportal.incometax.gov.in/iec/foservices/#/pre-login/ita-c .....

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..... omprehensive-review The above link is live and accessible to the stakeholders/experts/public in the E-filing portal from 06.10.2024. The stakeholders/experts/public can access the page by entering their name and mobile number, followed up by a validation via OTP. Suggestions by stakeholders/experts/public should specify the relevant provision of the Income-tax Act, 1961 or Income-tax Rules, 1962 ( .....

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..... mentioning the specific section, sub-section, clause, rule, sub-rule, or form number), as the case may be, to which the suggestion relates under the aforementioned four categories. - - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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