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Govt. extends time of the Task Force for drafting a New Direct Tax Legislation

Government of India

Ministry of Finance

Department of Revenue

Central Board of Direct Taxes

New Delhi, 22nd May, 2018

PRESS RELEASE

Extension of time of the Task Force for drafting a New Direct Tax Legislation

A Task Force was constituted by the Government in November,2017 to review the existing Income-tax Act, 1961 and to draft a new direct tax law in consonance with economic needs of the country. It was required to submit its report to the Government within six months. The Government has extended the term of said Task Force by a period of three months.

(Surabhi Ahluwalia)

Commissioner of Income Tax

(Media & Technical Policy)

Official Spokesperson, CBDT.

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