Income Tax: As I-T law undergoes a makeover, suggestions invited to make it friendly to taxpayers; check details

Income Tax: As I-T law undergoes a makeover, suggestions invited to make it friendly to taxpayers; check details

Following the announcement made by the Union Finance Minister Nirmala Sitharaman during Budget 2024, the Central Board of Direct Taxes (CBDT) has set up an internal committee to oversee a comprehensive review of the Income Tax (I-T) Act. The key goal of this review is to make the income tax law concise, clear and easy to understand … Read more