ICAI’s suggestion on Comprehensive Review of The Income Tax Act, 1961
The ICAI’s inputs on Comprehensive Review of the Income-tax Act, 1961, finalised by the DTC of ICAI, have been divided into 4 categories, namely,
- Suggestions for simplification of the Income-tax law;
- Suggestions for removal of obsolete chapters, sections and schedules in the Income-tax Act, 1961;
- Suggestions for mitigating litigation; and
- Suggestions for reducing compliance burden.
In each category, the Preliminary Suggestions submitted by ICAI are presented first, followed by specific section-wise/rule-based suggestions.
Share this content:
Post Comment