The task force formed to draft a new direct tax law today sought stakeholders' feedback on their experience of filing income returns on the I-T portal as well as scrutiny procedure and levy of penalty.
In November 2017, the government had constituted a six-member task force under CBDT Member Arbind Modi to draft a new direct tax law to replace the existing Income Tax Act, which has been in force since 1961.
"In this endeavour of drafting the new tax law, it is imperative to engage with stakeholders and general public," the Central Board of Direct Taxes (CBDT) said in a statement while inviting suggestions from stakeholders.
The task force has been asked to draft the law in consonance with the economic needs of the country. Stakeholders can email their feedback to rewriting-itact@gov.in by April 2.
As per the feedback form, the task force has asked stakeholders to give their opinion in yes/no format along with their comments on five major points-- filing of return of income, tax credit, processing/scrutiny of return, litigation and recovery of disputed tax demand, penalty and prosecution.
The form also seeks any other suggestion as may be desired by the stakeholder.
Some of the queries put forward in the feedback form include whether the taxpayer could fill return forms ITR-1 (Sahaj)/ ITR2 for non-business taxpayers without any help from a professional/ tax return preparer?
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