Parliamentary Panel Criticizes IT Dept for Not Segregating Business and Individual Income Under PIT

Last updated: 07 August 2025 Follow on Google News

A Parliamentary Standing Committee has strongly criticised the Income Tax Department's refusal to bifurcate business and individual income under Personal Income Tax (PIT), citing it as a major hurdle in understanding true income patterns and framing effective tax policies. The committee, in its rec

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CCI News Desk

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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