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India Consults Taxpayers On Income Tax Law Reform

by Lorys Charalambous, Tax-News.com, Cyprus

22 March 2018


India has launched a consultation on efforts to reform the country's 1961 income tax law, to be led by a newly constituted task force.

Stakeholders are being invited to submit input via an online form on the Income Tax India website.

The tax authority is seeking information in particular on how it can ease filing and e-filing tax return obligations, improve the accuracy of tax credit calculations, streamline tax return processing and prevent errors, and improve the effectiveness of dispute resolution and refund recovery procedures. The reform will also look at changes to the current penalty regime.

Comments are invited by April 2.

TAGS: compliance | tax | tax compliance | India | law | corporation tax | tax credits | tax authority | legislation | tax reform | legislation amendments

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