**New Delhi:** In a significant move to enhance transparency and understanding of the Income Tax Act, the Income Tax Department has initiated a comprehensive section-wise mapping of the I-T Act and the Tax Bill. This initiative aims to provide taxpayers with a clearer insight into the various provisions and their implications.
The mapping process will categorize each section of the I-T Act, aligning it with relevant clauses in the Tax Bill. This structured approach is expected to simplify the complex tax framework, making it more accessible to the general public and tax professionals alike.
Officials from the department stated that this initiative is part of a broader strategy to modernize the tax administration system, ensuring that it is more user-friendly and efficient. By demystifying the tax laws, the department hopes to encourage better compliance and reduce instances of tax evasion.
Tax experts have welcomed the move, noting that it will aid in reducing ambiguities and potential misinterpretations of the law. The detailed mapping is anticipated to be completed by the end of the fiscal year, with updates being made available on the official website.
The department has urged taxpayers to stay informed and utilize the resources provided to ensure accurate tax filings.
**Category:** Business News
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