Suggestions invited by Task Force drafting the new Direct Tax Law

Suggestions invited by Task Force drafting the new Direct Tax Law, time period extended toJune 15, 2018 from2nd April, 2018.

A Task Force was constituted by the Government of India vide Office Order of even number dated 22nd November, 2017 to redraft theIndian Income Tax. As per the said Order, the Task Force is required to submit its report to the Government within six months from the date of its constitution, i.e., 22nd May, 2018. This date has been extended by three months beyond the initial term of six months, i.e., the Task Force shall now be required to submit its report to the Government by 22nd August, 2018. Accordingly, the date for sending suggestions/ feedback is extended to June 15, 2018 from2nd April, 2018. You may also refer : The press release is presented below:

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Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 28th May, 2018 PRESS RELEASE

Stakeholder engagement by the Task Force drafting the new Direct Tax Law Consequent to constitution of the Task Force to review the existing Income tax Act, 1961 and to draft a new direct tax law in consonance with economic needs of the country, suggestions and feedback from the stakeholders and the general public were invited through e-mail at [email protected] latest by April 2, 2018 in the format provided on the departmental website www.incometaxindia.gov.in. 2. The Term of the Task Force has been extended by a period of three months. Accordingly, the date for sending suggestions/ feedback is extended to June 15, 2018.

(Surabhi Ahluwalia) Commissioner of Income Tax (Media & Technical Policy) Official Spokesperson, CBDT.