Home / Markets / Capital Market News / Central Board of Direct Taxes forms an internal committee to oversee a comprehensive review of Income-tax Act

Central Board of Direct Taxes forms an internal committee to oversee a comprehensive review of Income-tax Act

Image
Last Updated : Oct 07 2024 | 6:16 PM IST
LinkedIN IconFacebook Icon
In pursuance of the announcement in the Union Budget 2024-25 by Union Minister for Finance and Corporate Affairs Nirmala Sitharaman, the Central Board of Direct Taxes (CBDT) has formed an internal committee to oversee a comprehensive review of the Income-tax Act, 1961 (Act). The goal is to make the Act concise, clear, and easy to understand, which will reduce disputes, litigation, and provide greater tax certainty to taxpayers.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

SAVE 25%
Subscribe for ₹2,700 / 1 Year
Connect with us on WhatsApp

More From This Section

Gujarat Pipavav slides after weak Q2 business update

Geopolitical worries, FII outflows wreck market, Nifty ends below 24,800

Quick Wrap: Nifty Media Index falls 3.65%

Pound speculators net long positions rise further

Euro net long speculative positions ease near 2 week low

First Published: Oct 07 2024 | 6:08 PM IST

Explore News

Next Story