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ICAI invites suggestions on Comprehensive Review of the IT Act 1961 and Pre-budget Memorandum 2025
Update / Judgement Date
30 Sept 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
Corporate ComplianceIncome Tax
The Institute of Chartered Accountants of India (ICAI) has invited suggestions from its members and stakeholders for a comprehensive review of the Income Tax Act, 1961, as well as inputs for the Pre-Budget Memorandum 2025. This initiative is part of the ICAI's effort to improve the tax framework by incorporating practical feedback from professionals. The suggestions received will be consolidated and submitted to the government to assist in policymaking and ensure a more taxpayer-friendly system.
