Income Tax laws

Panel to overhaul, simplify Direct Tax laws to submit report by February 28

The ministry had in November last year set up a 6 member task force tob rewrite the over 50 year old Income Tax laws.

Nov 27, 2018, 11:01 AM IST

Govt sets up panel to simplify Income Tax laws

To simplify Income Tax laws, the government today set up a committee under a former Delhi High Court judge to identify clauses that lead to litigations and suggest modifications to bring predictability and certainty in tax laws.

Oct 27, 2015, 18:46 PM IST

FM hints at changes in laws to repatriate black money

Finance Minister Arun Jaitley on Thursday hinted in Lok Sabha at the government considering amending the anti-money laundering and Income Tax laws to get back the black money stashed abroad, admitting that there are weaknesses in them.

Nov 27, 2014, 23:08 PM IST