Tax & Spend

India to Simplify Decades-Old Income Tax Filing Rules in Budget

  • Overhaul of tax law may help boost compliance among taxpayers
  • Changes don’t include adjustments to tax rates, policies

Finance Minister Nirmala Sitharaman announced in July that a comprehensive review of the tax legislation will be completed in six months to make the rules more taxpayer-friendly.

Photographer: Prakash Singh/Bloomberg

Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.

India’s government plans to simplify its income tax filing rules to make it less tedious for taxpayers to comply with the law and help cut down on disputes that have ballooned to more than $120 billion over the past decade.