<h1>Task Force Reconstituted to Draft New Direct Tax Law, Report Due February 28, 2019, Says Finance Minister.</h1> The government established a Task Force to draft a new Direct Tax Law with an initial six-month term, later extended by three months. Following the retirement of the original convener, the Task Force was reconstituted with new members, including a convener from the Central Board of Direct Taxes and experts from various fields. The Task Force's mandate is to draft legislation considering international tax systems, best practices, and the country's economic needs. The report is due by February 28, 2019, as stated by the Minister of State for Finance in a Rajya Sabha session.