IT Dept receives 6,500 suggestions from stakeholders over review of Income Tax Act

The Income Tax Department has received 6,500 suggestions from stakeholders over the past month on the review of the Income Tax Act. Finance Minister Nirmala Sitharaman chaired a meeting on the Budget announcement of a comprehensive review of the Income Tax Act, 1961. 

The meeting was attended by Revenue Secretary



Sanjay Malhotra, Central Board of Direct Taxes (CBDT) chairman Ravi Agarwal, and senior CBDT officials. In a post on X, the finance ministry said that Mr Malhotra informed the Finance Minister that 22 specialised sub-committees have been established to review the various aspects of the Income Tax Act.