Setting up of committee with a view to simplify the provisions of the Income Tax Act, 1961

With a view to simplify the provisions of the Income Tax Act, 1961, a Committee has been constituted with the following composition: (i) Justice R.V. Easwar, (Retd.), former Judge, Delhi High Court and former President, ITAT – Chairman (ii) Shri V.K. Bhasin, former Law Secretary – Member (iii) Shri Vinod Jain, Chartered Accountant – Member…

Finance Minister launches the “e-Sahyog” pilot project of the Income-tax Department.

The Income-tax Department is committed to the ‘Digital India’ initiative of the Government of India.The Finance Minister today launched an “e-Sahyog” pilot project which furthers the Department’s commitment to work in an e-environment and reduces the need for the taxpayer to physically appear before tax authorities. The “e-Sahyog” project launched on a pilot basis, is…