NEW DELHI: The Central Board of Direct Taxes (CBDT) on Tuesday invited inputs from stakeholders for drafting new Income Tax (IT) rules and related forms pertaining to the proposed Income Tax Bill, 2025, which was introduced in Parliament last month and is currently under examination by the Select Committee for detailed consideration.
In a statement, the CBDT said the stakeholders are encouraged to continue submitting their suggestions on the provisions of the Bill, which will be compiled and forwarded to the Select Committee for its review.
It said in alignment with the comprehensive review of the Income-tax Act, 1961, efforts are underway to collect inputs and work on simplification of the associated Income Tax Rules and Forms.
“The objective of this initiative is to enhance clarity, reduce the compliance burden, and eliminate obsolete rules, making tax processes more accessible for taxpayers and other stakeholders,” the CBDT said, while adding that in addition, streamlining the rules and forms aims to simplify tax compliance, improve taxpayer comprehension and ease of filing, lower administrative burdens and errors, and enhance transparency and efficiency.
The statement read, “As part of a wider consultative process, the committee formed to review the rules and forms invites inputs and suggestions from stakeholders in four categories, including simplification of language and reduction of litigation and compliance burden.”
To facilitate this, the CBDT said a utility has been launched on the e-filing portal, which has been live and accessible to all stakeholders from March 8.
“Stakeholders can submit their inputs by entering their name and mobile number, followed by an OTP-based validation process,” it said, while advising that all suggestions should clearly specify the relevant provision of the Income Tax Rules, 1962 (including the specific section, sub-section, clause, rule, sub-rule, or form number) to which the recommendation pertains.