Indian Chamber of Commerce asks Centre to set up commission to review Income Tax Act 1961
The Indian Chamber of Commerce has asked the Centre to set up a commission to review the Income Tax Act 1961 in its entirety and simplify its provisions.
“This is an old Act. Every year in the Budget, amendments are made which has made this Act complex to understand. These amendments have resulted in many anomalies which in turn have given rise to a large number of legal cases,” the chamber has said
Read more at: The Telegraph online
Share this content:
Post Comment