After several steps to reduce direct tax disputes, govt takes another shot

Legislation to amend Income Tax Act, simplify language and procedures to reduce such disputes

The government has taken various steps to settle direct tax disputes, but legal rows between the authorities and taxpayers refuse to end. In fact, disputes are increasing if the money involved is any indication.

 

The previous United Progressive Alliance government tried to bridge the gap between the authorities and taxpayers by simplifying the language in the Direct Taxes Code (DTC) Bill, 2010 (it was to replace the Income Tax Act, 1961) and raising monetary limits to file appeals before the Income Tax Appellate Tribunal (ITAT), High Courts and the Supreme Court.

 

The DTC Bill lapsed with the dissolution of the