India's Finance Minister calls for simplification of tax notices, fair approach, and new Tax Code in six months.

India's Finance Minister, Nirmala Sitharaman, has urged the Income Tax Department to simplify tax-related notices and adopt a "fair and friendly" approach. She emphasized the need for officials to avoid using intimidating language in notices and messages, and to be judicious in enforcing compliance. Sitharaman also announced that within six months, a new Tax Code or Income Tax Act will be implemented to reduce litigation, with the focus on improving transparency and simplifying language for better understanding.

August 21, 2024
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