India's Central Board of Direct Taxes has launched a public consultation on a comprehensive review of the Income-tax Act, 1961.
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Suggestions for comprehensive review of Income-tax Act
In the Budget 2024-2025 speech, the Hon'ble Finance Minister announced a comprehensive review of the Income-tax Act, 1961. The goal is to make the Act concise, clear, and easy to understand, which will reduce disputes, litigation, and provide greater tax certainty to taxpayers. An internal committee of t…