TAG: Income Tax Act
Income Tax Act review committee report likely by October
The long pending review of the Income Tax Act of 1962 seems to have made progress. In the Budget speech, Finance Minister Nirmala Sitharaman, had announced a review of the Act to make it simpler.Sources told Moneycontrol that the review report is likely...
2 weeks ago
Phase II of Income Tax Act review likely in FY26, focus on enhancing compliance
The Indian government is likely to make the Income Tax Act simpler in the first phase review and is likely to continue the comprehensive review into the next fiscal year, with a second phase in FY26. While the current review, expected to be completed by e...
2 weeks ago