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of <h1>Income-Tax Rules, 1962: Central Government Appoints 14-Member Committee for Social and Economic Welfare with 3-Year Terms.</h1> The National Committee for Promotion of Social and Economic Welfare, as per Income-tax Rules, 1962, is composed of fourteen members appointed by the Central Government from distinguished public figures. Members serve a three-year term starting from their notification date. The Central Government appoints one member as Chairman, and meetings cannot occur if the Chairman's position is vacant unless members elect an acting chair in the Chairman's absence. The Committee can form sub-committees from its members for specific tasks and may invite experts for technical matters.
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