Section

Review of Income Tax Act to be completed in given timeframe: CBDT Chairman

By Economic Times - 3 months ago
CBDT Chairman Ravi Agrawal stated that the review of the Income Tax Act of 1961 would be completed within six months, as announced by Finance Minister Nirmala Sitharaman. The goal is to simplify tax laws and reduce litigation. Notably, 72% of taxpayers have opted for the new regime for Income Tax Returns.

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.