💨 Abstract
The Central Board of Direct Taxes (CBDT) is seeking suggestions for a new income tax bill, set to replace the 60-year-old Income Tax Act, 1961. The bill aims to simplify language for easier tax compliance and meet international standards. CBDT chief Ravi Agrawal said the bill has been made concise by removing old provisions and the tax department is adopting a more participative approach.
Courtesy: theprint.in
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