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The Central Board of Direct Taxes (CBDT) has formed

The Central Board of Direct Taxes (CBDT) has formed

On October 8, 2024, the Central Board of Direct Taxes (CBDT) announced the formation of an internal committee tasked with reviewing the Income Tax Act, 1961. This initiative is part of the government’s broader efforts to simplify tax regulations and enhance taxpayer compliance. The CBDT has invited public suggestions on various aspects of the Act,...

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