Three months extension to task force drafting new Direct tax law

Last updated: 25 May 2018 Follow on Google News

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

A Task Force was constituted by the Government of India in November, 2017 to review the existing Income-Tax Act, 1961 and to draft a New Direct Tax law in consonance with the economic needs of the country. It was required to submit its report to the Government within six months.

The Government has now extended the term of the said Task Force by a period of three months.

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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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