Income Tax Dept to Focus on Simplification, Bizmen Friendly Administration: CBDT Chairman about New Income Tax Law

The CBDT chairman announced that the Income Tax Department will focus on simplifying the tax administration to make it more business-friendly. The department is working towards a more transparent and efficient tax system, which will be beneficial for businesses. This includes reforms to make the tax filing process smoother and reduce the complexity of the current system. The aim is to create an environment that encourages voluntary compliance and makes tax payment easier for taxpayers, while maintaining the integrity of the tax system. The emphasis will be on using technology to enhance the overall tax experience.