Revenue dept forms 22 sub-committees to review I-T act

New Delhi: The department of revenue has set up 22 specialised sub-committees to review the income tax act.

Revenue secretary Sanjay Malhotra conveyed this at a meeting taken by union finance minister Nirmala Sitharaman to take stock of the progress of the review announced in the Budget. Sitharaman chaired the meeting Monday to assess the progress as the government is looking to introduce the draft bill in the budget session.

Apart from Malhotra, the meeting was attended Central Board of Direct Taxes Chairman Ravi Agarwal, and other senior CBDT officials The Department has also received 6,500 suggestion from the public, to simplify the IT law.


In her Budget speech on July 23, finance minister had proposed that the I-T law review will be completed in six months in January.

The review aims to make the law simple and taxpayer friendly.