Central Board of Direct Taxes forms an internal committee to oversee a comprehensive review of Income-tax Act | Capital Market News

In pursuance of the announcement in the Union Budget 2024-25 by Union Minister for Finance and Corporate Affairs 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 provide greater tax certainty to taxpayers.

Powered by Capital Market – Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content