On 21 March 2018, the Central Board of Direct Taxes (CBDT) asked stakeholders and general public to give suggestions and feedback to review the decades old Income Tax Act, 1961. You can download the relevant form from www.incometaxindia.gov.in, fill it, scan and then mail back to the tax department.
But why revise the existing tax laws?
Keeping up
The income-tax Act is more than 55 years old. Over this time, it has gone through many changes. But it is felt that changes by themselves may not be sufficient, and an altogether new tax law is needed, keeping in mind the current conditions.
