Simplified I-T Act likely to take longer
- Posted on November 26, 2024
- By Business News Today
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Simplified I-T Act likely to take longer
Reform of dispute resolution mechanisms, simplification of litigation management, overhaul of rules dealing with transfer pricing and tax deduction at source are some of the top focus areas in the simplification exercise, the official said, adding that wider consultation is needed with the law ministry on provisions of the Benami and Black Money Acts. "Some provisions require a deeper examination. Also, there are areas where there are conflicting views within subcommittees," the official said.