Expert inputs on New Income Tax Bill 2025 by Prashant Bhojwani, Partner, Corporate Tax, Tax & Regulatory Services, BDO India
Below the Expert inputs on New Income Tax Bill 2025 by Prashant Bhojwani, Partner, Corporate Tax, Tax & Regulatory Services, BDO India
"The Finance Ministry’s endeavour to simplify the Income-tax law and present a reader friendly statute is commendable. This is certainly a positive starting point and should facilitate in reducing tax disputes going forward. However, the Finance Ministry should parallely focus on fast-tracking past litigation; particularly as a significant portion is still pending at the Commissioner (Appeals), first appellate authority. Resolving past litigation will truly be a move towards Viksit Bharat and improve taxpayer sentiments"
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