The first bath of recommendations from the Income-tax Simplification Committee chaired by Justice R.V. Easwar was released on January 17, 2016. If implemented, these recommendations will go a long way in providing certainty to taxpayers and minimizing prolonged litigation. This batch contains issues which are relatively simpler and which need immediate attention.
Complex issues requiring a more exhaustive and deeper review will be dealt with in the later recommendations.
Please find below Dhruva Advisors LLP’s summary of the report.