NEW DELHI: Simplifying the Income Tax Act, automating tax collection and return processing and making the process user-friendly are priorities for the National Democratic Alliance (NDA) government, finance minister Piyush Goyal said. The Narendra Modi government, which has undertaken several measures to curb tax evasion, is working on changes to the income tax law. We want the income tax law to be a lot simpler. I have also announced the intention for a new regime of income tax administration for which we have approved the funds. Goyal, however, declined to say whether the NDA will double the basic income tax exemption limit to ₹5 lakh, if re-elected.

Source: Mint February 06, 2019 19:01 UTC