Review of Income-tax Act 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 ActContinue reading “Comprehensive Review of India’s Income-tax Act 1961: A Step Toward Simplification and Efficiency”