“The committee invites public inputs and suggestions in four categories: simplification of language, litigation reduction, compliance reduction, and redundant/obsolete provisions,” the CBDT said.
A webpage on the e-filing portal — https://eportal.incometax.gov.in/iec/foservices/#/pre-login/ita-comprehensive-review — has been launched and the public can access the page by entering their mobile number and validating it via OTP.
Suggestions should specify the relevant provision of the Income-tax Act, 1961 or Income-tax Rules, 1962 (mentioning the specific section, sub-section, clause, rule, sub-rule, or form number), as the case may be, to which the suggestion relates under the aforementioned four categories.
The Finance Minister in the 2024-25 Budget presented in July had proposed that the I-T law review will be completed in six months.
Considering that the six-month timeline ends in January 2025, it is widely expected that the amended I-T Act could be brought in the Budget session of Parliament.