The Hon’ble FM in Budget 2024-25 announced a comprehensive review of the Income-tax Act, 1961 to simplify it for taxpayers, reduce disputes, and ensure greater tax certainty.

CBDT has formed a committee to oversee this review and invites public inputs in following areas:
1️⃣ Simplification of Language
2️⃣ Litigation Reduction
3️⃣ Compliance Reduction
4️⃣ Redundant/Obsolete Provisions

The link for suggestions is - https://eportal.incometax.gov.in/iec/foservices/#/pre-login/ita-comprehensive-review

CBDT forms internal committee to comprehensively review Income-tax Act,1961 and invites suggestions on the tax e-filing portal

Let's understand this act with basic understanding ✨

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