Central Board of Direct Taxes (CBDT) has established an internal committee to review the Income-tax Act, 1961, as part of the Union Budget 2024-25 announcements by Finance Minister Smt. Nirmala Sitharaman. The committee’s objective is to make the Act more concise and comprehensible, thereby minimizing disputes and litigation while enhancing tax certainty for taxpayers. To achieve this, the committee invites suggestions from stakeholders, experts, and the public on four key areas: simplifying language, reducing litigation, minimizing compliance burdens, and eliminating redundant or obsolete provisions. A dedicated webpage on the Income Tax e-filing portal has been launched for this purpose, allowing users to submit their inputs. The portal went live on October 6, 2024, and requires users to enter their name and mobile number for verification via OTP. Participants are encouraged to refer to specific provisions of the Income-tax Act or Rules when submitting suggestions.
Ministry of Finance
CBDT forms internal committee to comprehensively review Income-tax Act and invites suggestions from stakeholders/experts/public on the Income Tax e-filing portal
In pursuance of the announcement in the Union Budget 2024-25 by Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman, the Central Board of Direct Taxes (CBDT) has formed an internal committee to oversee a comprehensive review of the Income-tax Act, 1961 (Act). The goal is to make the Act concise, clear, and easy to understand, which will reduce disputes, litigation, and provide greater tax certainty to taxpayers.
The committee invites public inputs and suggestions in four categories:
1. Simplification of Language
2. Litigation Reduction
3. Compliance Reduction, and
4. Redundant/Obsolete Provisions
To facilitate this, a webpage has been launched on the e-filing portal, which can be accessed with the following link:
https://eportal.incometax.gov.in/iec/foservices/#/pre-login/ita-comprehensive-review
The above link is live and accessible to the stakeholders/experts/public in the E-filing portal from 06.10.2024. The stakeholders/experts/public can access the page by entering their name and mobile number, followed up by a validation via OTP.
Suggestions by stakeholders/experts/public should specify the relevant provision of the Income-tax Act, 1961 or Income-tax Rules, 1962 (mentioning the specific section, sub-section, clause, rule, sub-rule, or form number), as the case may be, to which the suggestion relates under the aforementioned four categories.
