August 25, 2016 6:36 PM

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Tax dept asks officers to suggest changes in direct tax laws

The Income Tax Department has created a permanent mechanism for seeking inputs from its officers for changes required in the direct tax regulations to keep nation's tax laws in conformity with changing times. <br/><br/>In a letter, the Central Board of Direct Taxes has asked its officials to provide suggestions for legislative changes in the direct tax laws. For receiving suggestions, it has created an exclusive email ID and instructed officials to provide inputs through the year without waiting for beginning of the annual budget exercise.<br/><br/>Traditionally, changes in the laws pertaining to direct tax, which covers income tax for individuals and corporates, are done in the Union Budget.

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