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India aims to simplify its tax filing rules, unchanged since 1961, to ease compliance and reduce disputes.
India plans to simplify its income tax filing rules, unchanged since 1961, to ease compliance and reduce disputes that have grown to over $120 billion.
The revised Income-tax Act, expected for public consultation in mid-January and release in early February's budget, will simplify language and use formulas and tables, without changing tax rates or policies.
The goal is to modernize tax laws and boost compliance.
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La India pretende simplificar sus normas de presentación de impuestos, sin cambios desde 1961, para facilitar el cumplimiento y reducir las controversias.