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The Minister of State for Finance Pankaj Chaudhary informed Parliament on Monday that the government has undertaken multiple steps tosimplify income tax laws, reduce ambiguity and minimise litigation. Responding to a parliamentary question, the minister said that a comprehensive review of the Incom
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FAQ :
The government has reviewed the Income Tax Act, 1961, to make its provisions clearer, more concise, and easier to interpret, using simpler language and structured formats.
Key legal terms that have already been interpreted by courts are being retained, and amendments are made after extensive consultations with stakeholders.
A new rule-based automated system is proposed to electronically issue certificates for lower or nil TDS, eliminating the need for manual applications.
Measures include periodic reviews of tax laws, stakeholder consultations, explanatory notes, and regular clarifications issued by tax authorities.
No, the government clarified that specific data on ambiguity-related disputes or legal challenges faced by taxpayers has not been maintained since 2020.
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