https://www.taxtmi.com/article/detailed?id=13095 A committee has been formed to review and simplify the Income Tax Act, 1961, aiming to rationalise language, remove redundant provisions, harmonise definitions, reduce litigation and compliance burdens, consider decriminalisation, and streamline processes. The committee invites public and stakeholder inputs through an e filing portal under four categories-simplification of language, litigation reduction, compliance reduction, and redundant/obsolete provisions-and requires submitters to specify the exact Act or Rule provision to which suggestions relate. en-us Sat, 09 Nov 2024 10:05:26 +0530 Sat, 09 Nov 2024 10:05:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13095 A committee has been formed to review and simplify the Income Tax Act, 1961, aiming to rationalise language, remove redundant provisions, harmonise definitions, reduce litigation and compliance burdens, consider decriminalisation, and streamline processes. The committee invites public and stakeholder inputs through an e filing portal under four categories-simplification of language, litigation reduction, compliance reduction, and redundant/obsolete provisions-and requires submitters to specify the exact Act or Rule provision to which suggestions relate. Articles Income Tax Sat, 09 Nov 2024 10:05:26 +0530 https://www.taxtmi.com/article/detailed?id=13095