CBDT: New Income Tax Act Simplified to Cut Legal Complexities

The new Income Tax Act has been formulated using simple language to eliminate complicated legal challenges and make tax provisions more accessible to common taxpayers, according to RN Parbat, Member (Legislation) at the Central Board of Direct Taxes (CBDT).

- TBG NETWORK

In an interview with ANI, Parbat explained that the apex income tax body has moved away from archaic terminology and complex explanations that previously made tax laws difficult for ordinary citizens to comprehend. "The common assessee, if he reads the provisions, he is able to understand what the law says in his case," Parbat said. "The common person will be able to know his rights. He will be able to understand the law under which he is paying income tax."