Task force on direct tax code submits report to Sitharaman

20 Aug 2019 07:00 PM

Task force on direct tax code submits report to Sitharaman

Updated 20 Aug 2019 07:00 PM

The Task Force to rewrite the decades-old Income Tax Act, 1961 has submitted its report to Finance Minister Nirmala Sitharaman, sparking hopes of a simpler tax law with an easier compliance burden and friendly tax administration.

Panel convenor Akhilesh Ranjan, member of apex tax policy-making body Central Board of Direct Taxes (CBDT), submitted the report after missing two deadlines.

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