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In order to review the Income-tax Act, 1961 and to draft a new direct tax law in consonance with the economic needs of the country, a Task Force was constituted by the Government of India in November, 2017.
In partial modification of the earlier order, the Government has appointed Shri Akhilesh Ranjan, Member (Legislation), CBDT as Convenor of the Task Force. Other members of the Task Force remain unchanged.
The Task Force shall submit its report to the Government by February 28, 2019.
New direct tax legislation: Task Force convenor appointed to review the Income-tax Act and submit recommendations. A Task Force was constituted to examine the Income-tax Act, 1961 and draft a new direct tax law aligned with economic needs; the Government appointed a senior official as Convenor while other members remain unchanged, and the Task Force must submit its report to the Government by the fixed deadline.
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