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Review of customs duty rates to be completed before next Budget, first draft of revised Income Tax Act likely to be ready by then, says Revenue Secretary

By Business Today - 2 months ago
Both review exercises will start immediately, with internal committees of officials being set up for these tasks.
Read more at: Business Today

Topics:

Union Budget 2025-26 customs duty review Income Tax Act draft Revenue Secretary Sanjay Malhotra Nirmala Sitharaman Budget announcement customs duty rates rationalization Income-tax Act revision reducing customs duty disputes angel tax abolition impact on startups and investors anti-avoidance measure investment deterrent financial growth and employment past notices continuation valuation of companies customs duty simplification Budget for growth comprehensive review exercises internal committees for review reducing classification disputes

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