The Government has announced a comprehensive review of the six-decade-old Income Tax Act. While the Act has seen numerous amendments, there is still a pressing need to simplify and clarify its provisions.
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With regards to the same, this is a small but big initiative by Taxscan, aiming to create a platform where taxpayers, tax professionals, and stakeholders can voice their opinions and suggestions on the Income tax act review. The forum invites everyone irrespective of professionals and students, to participate, as every opinion counts in shaping a better tax system for the future.
We have created a set of questions for you to answer and also to provide spaces to type down your suggestions on including better and concepts to the direct tax laws. Taxscan believes that public participation is crucial in this review process. You can also upload the file you’ve already prepared.
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The feedback collected will be compiled into a comprehensive report that will be shared with the income tax department. This report aims to highlight the common challenges faced by taxpayers and propose actionable solutions that can help make the tax system more efficient and transparent.
In support of this initiative, the CBDT has established an internal review committee and launched a dedicated webpage where you can share your feedback and suggestions regarding the review process. Your input is invaluable in making the Income Tax Act more accessible and effective for all taxpayers.
SUBMIT YOUR RESPONSES HERE: https://forms.gle/6RH6JbV7VSCrPCYv9
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