https://www.taxtmi.com/news?id=32304 The government will introduce a new Income Tax bill to adopt a trust first, scrutinise later approach, aiming to make the Income tax Act concise, clear, and easier to understand. An internal CBDT committee and 22 specialised sub committees will oversee review of the Act to reduce disputes and enhance tax certainty, building on reforms such as faceless assessment, a taxpayers' charter, faster returns, and prevalent self assessment. en-us Sat, 01 Feb 2025 12:31:02 +0530 Sat, 01 Feb 2025 12:31:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=32304 The government will introduce a new Income Tax bill to adopt a trust first, scrutinise later approach, aiming to make the Income tax Act concise, clear, and easier to understand. An internal CBDT committee and 22 specialised sub committees will oversee review of the Act to reduce disputes and enhance tax certainty, building on reforms such as faceless assessment, a taxpayers' charter, faster returns, and prevalent self assessment. News - Sat, 01 Feb 2025 12:31:02 +0530 https://www.taxtmi.com/news?id=32304