Notification Type: Press Release
Date: 7th October 2024
Relevant Act / Rule: Income Tax Act, 1961
The Central Board of Direct Taxes (CBDT) has announced a public consultation for a comprehensive review of the Income Tax Act, focusing on four key areas:
1. Simplification of Language
2. Litigation Reduction
3. Compliance Reduction
4. Redundant or Obsolete Provisions
To gather inputs and suggestions, a dedicated webpage has been launched on the e-filing portal, which can be accessed with the following link:
https://eportal.incometax.gov.in/iec/foservices/#/pre-login/ita-comprehensive-review
This page went live on October 10, 2024, and is accessible to the public for submitting their feedback.
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