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Friends, as the final countdown to the Interim Union Budget 2024-25 begins, so does the customary ritual of penning down pre-budget wish lists. But for me, this writing exercise is not merely a customary ritual but instead an opportunity to highlight some critical and relevant grey areas and gaps currently being experienced by all of us in the direct tax domain, and which require timely redressal by the Legislature in the upcoming Interim Union Budget 2024.

Based on my practical experience, the 15 basic yet critical issues are being discussed below, and I sincerely hope that all of you will relate to these real and ground-level problematic areas.

1. Resolve of the DIN Controversy by Re-insertion of Section 282B in the Income Tax Act 

W.