Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Direct Tax »
Open DEMAT Account in 24 hrs
 GSTR-3B deadline expired: File now to avoid input tax credit loss, GST registration cancellation
 ITR Filing: Income tax department shortens time limit for condonation of delay What it means for taxpayers
 CBDT launches campaign to intimate taxpayers on undeclared foreign assets in ITR
 ITR AY2024-25: CBDT launches campaign for taxpayers to report income from foreign sources
  CBDT comes out with FAQs on Direct Tax Vivad se Viswas scheme 2024
 CBDT weighs overhaul of designations for income tax officials to secure better clarity
 Direct tax-GDP ratio at millennial high in FY24
 CBDT comes out with FAQs on Direct Tax Vivad se Viswas scheme 2024
 Tax filing: How to choose the right ITR form
 Income Tax Return: How to maximise your tax refunds while filing ITR?
 Last date for filing income tax return (ITR)

IT dept asks officers to suggest changes in direct tax laws
September, 09th 2016

In a bid to keep nation’s tax laws in conformity with changing times, the Income Tax Department has created a permanent mechanism for seeking inputs from its officers for changes required in the direct tax regulations.

To begin with, the I-T Department has asked officials to provide suggestions for legislative changes in the direct tax laws.

An exclusive email id has been created and officials of the department have been instructed to provide inputs through the year without waiting for beginning of the annual budget exercise.

Traditionally, changes in the laws pertaining to direct tax, which covers income tax for individuals and corporates, are done in the Union Budget presented by the finance minister in end February every year.

Now to keep pace with the changing economic scenario that has brought to fore a host of complex tax issues like transfer pricing cases, the Income Tax Department wants to keep the law updated.

And so it has asked its officers to bring to the notice of the department the changes needed in the legislation to address particular issues.

The officers have to give justification for their suggestions for legislative changes in direct tax laws along with the details of relevant judicial rulings.

“It has been decided to create an exclusive email id (suggestion.tpl@gov.in) for receiving suggestions through out the year for legislative changes relating to direct taxes from officers/officials of the department,” the CBDT said in a letter to its officers.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2025 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting