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 Act concise, clear, and easy to understand, which will reduce disputes, litigation, and provide greater tax certainty to taxpayers.
The committee invites public inputs and suggestions in four categories:
The jurisdiction of these tribunals and courts for adjudication disputes/cases has been broadened to include a wider range of labor laws, including the Industrial Disputes
The Government of West Bengal has announced a wage hike for part-time Karmabandhus paid out of contingency funds. The monthly remuneration for part-time Karmabandhus has
The daily wages for part-time casual laborers (PTCLs) have been increased from Rs. 13,500 to Rs. 13,770. The revised wages will be applicable retrospectively from
The maximum ex-factory price for both Type A and Type B bags has been set at Rs. 102,774 per metric tonne for bags with 10%
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