CBDT Draft rules to implement Taxation Laws(Amendment) Act, 2021

The Central Board of Direct Taxes through press release dated 28th August, 2021 has issued draft rules for the amendments made by the Taxation Laws(Amendment) Act, 2021. The aim of the amendment made by the 2021 Act is to bring tax certainty and to reduce the burden of income tax litigation by speeding up the proceedings.

The Suggestions/comments on the draft notification are invited from all stakeholders and the public and can be furnished electronically through email latest by 4th September, 2021.

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