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India’s ICAI to review Income Tax Bill 2025 to suggest improvements

Summary by The Accountant

The Institute of Chartered Accountants of India (ICAI) has been tasked by the Finance Ministry to scrutinise the new Income Tax Bill 2025 and propose enhancements. The Central Board of Direct Taxes (CBDT) has called for feedback on the bill. A five-member team has been established by the ICAI to examine the bill and offer recommendations, as reported by the Economic Times. This initiative is part of a broader effort to overhaul the current…

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India’s ICAI to review Income Tax Bill 2025 to suggest improvements

The Institute of Chartered Accountants of India (ICAI) has been tasked by the Finance Ministry to scrutinise the new Income Tax Bill 2025 and propose enhancements. The Central Board of Direct Taxes (CBDT) has called for feedback on the bill. A five-member team has been established by the ICAI to examine the bill and offer recommendations, as reported by the Economic Times. This initiative is part of a broader effort to overhaul the current…

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The Accountant broke the news in 6 days ago on Monday, February 17, 2025.

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