<h1>Income-Tax Department Reviews Direct Tax Law for Simpler Language, Restructuring, and Expanded Presumptive Taxation</h1> An internal committee of the Income-Tax Department, led by the CBDT Chairman, has reviewed the existing direct tax law, receiving suggestions primarily focused on simplifying language, restructuring provisions, and expanding presumptive taxation. These efforts aim to reduce tax disputes and enhance clarity for taxpayers. The review aligns with Finance Minister Nirmala Sitharaman's announcement of a new Income Tax bill to replace the 1961 Act. The new bill seeks to remove outdated provisions while maintaining continuity with the old law. The tax department is adopting a PRUDENT approach, emphasizing a user-friendly, data-driven, and transparent administration.