CBDT Pushes for Swift Review of Income-Tax Act: Officers to Station in Delhi



Quick Summary
The Central Board of Direct Taxes (CBDT) has brought 28 officers to Delhi for an intensive, month-long review of the Income-tax Act. This expedited process aims to simplify the six-decade-old legislation, remove outdated sections, and improve clarity for taxpayers. The review committee, which has consulted with experts and received over 6,500 public suggestions, is working towards a submission deadline at the end of December.

In a significant step towards the modernization of India's direct tax laws, the Central Board of Direct Taxes (CBDT) has instructed 28 officers involved in the comprehensive review of the six-decade-old Income-tax Act to work from Delhi between December 2 and December 27. The move aims to ensure the timely completion of the review, slated for submission by December-end, as per the six-month deadline set by the government. The apex body emphasized a "focused approach" in its recent communication
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FAQ :

Officers are in Delhi to ensure the timely completion of the comprehensive review of the Income-tax Act, with a focused approach to meet the December-end submission deadline.

The primary objective is to simplify the Act, eliminate obsolete provisions, improve clarity for taxpayers, and create a more concise and clear tax framework.

The review is slated for submission by the end of December, adhering to the government's six-month deadline.

The committee has received over 6,500 suggestions from stakeholders regarding simplification and the identification of obsolete sections.

Provisions applicable before the assessment year 2012-13 may be deemed redundant, with exceptions for past investments, ongoing litigation, and pending assessments.




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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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