Sitharaman tables Income Tax Bill in Lok Sabha, seeks review by house committee
The bill makes significant changes in the way the direct tax statute is written and presented, giving priority to simplicity, clarity and reduction in litigation arising from complexity, in stark contrast to the existing law that is notorious for long-winding sentences with cross references.
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The bill makes significant changes in the way the direct tax statute is written and presented, giving priority to simplicity, clarity and reduction in litigation arising from complexity, in stark contrast to the existing law that is notorious for long-winding sentences with cross references.
