<h1>India Forms Committee to Simplify Income Tax Act, 1961; Aims for Clarity and Reduced Litigation by January 2016.</h1> The Government of India has established a committee to simplify the Income Tax Act, 1961. The committee is chaired by a retired judge and includes former law officials, chartered accountants, consultants, and tax experts. Its mandate is to identify provisions causing litigation, affecting business ease, and requiring simplification. It will suggest modifications to ensure predictability in tax laws without impacting revenue. The committee will operate for one year, forming sub-groups as needed, and will release draft recommendations for public consultation, with the first batch due by January 31, 2016.