Newsflash – Significant Highlights of Draft Recommendations of Income Tax Simplification Committee

On 27 October, 2015, the Government of India had constituted a 10-member Committee under the Chairmanship of Justice R.V Easwar, former Judge of the Delhi High Court with a view to simplify the provisions of the Income Tax Act, 1961. The Committee has given their draft recommendations which contain 27 suggestions for amendments  under the Income-tax Act and 8 recommendations for reform through administrative instructions.

Some of the significant recommendations are highlighted in this newsflash

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