The Ministry of Finance (MoF) on March 18, 2025, issued a notification inviting stakeholders to provide their input on the Income Tax Bill 2025.
The following has been stated: -
•The CBDT has launched a utility on the e-filing portal for stakeholders to submit suggestions on the provisions of the Income Tax Bill 2025.
•The Select Committee, focusing on simplifying language, reducing litigation and compliance burdens, and identifying obsolete rules and forms, will review the inputs.
•Stakeholders can provide their suggestions via OTP-based validation starting March 08, 2025. The goal is to enhance clarity and improve tax processes.
The detailed notification is given in the document below.
[Notification No.2112222]
