Govt sets up panel to review income tax laws
Prime Minister Narendra Modi, during the annual conference of tax officers in September, had observed that the Income-tax Act, 1961 was drafted more than 50 years ago and it needs to be redrafted.
Nov 22, 2017, 17:54 PM ISTAssocham wants retrospective amendment withdrawn in Budget
Pitching for a non-adversarial tax regime, industry body Assocham on Thursday suggested that retrospective amendment be withdrawn in the upcoming Union Budget while calling for e-hearings, quicker IT refunds and raising the tax exemption limits.
Jan 29, 2015, 18:55 PM IST