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:
India’s internationally recognized Tsunami Early Warning System was showcased as a cornerstone of the nation’s disaster preparedness strategy. The Minister also highlighted ongoing collaborations with
The revised guidelines for ITFS platforms mark a significant step forward in enhancing the accessibility, flexibility, and effectiveness of international trade finance services. With streamlined
The DoT continues to lead the charge towards transforming the Indian telecom ecosystem making it more- Samaveshit (ubiquitous connectivity fuelling inclusive growth), Viksit (developed India
It is clarified that refund cannot be claimed where the registered person has only paid Integrated Goods and Services Tax and Compensation Cess on inputs
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