{"id":35318,"date":"2017-11-25T09:19:35","date_gmt":"2017-11-25T09:19:35","guid":{"rendered":"https:\/\/www.edristi.in\/?p=35318"},"modified":"2017-11-25T09:19:35","modified_gmt":"2017-11-25T09:19:35","slug":"constitution-task-force-drafting-new-direct-tax-legislation","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/constitution-task-force-drafting-new-direct-tax-legislation\/","title":{"rendered":"Constitution of Task Force for drafting a New Direct Tax Legislation"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Question: Recently, under whose chairmanship a Task Force has been set up by the central government in order to review the Income-tax Act, 1961 and to draft a new Direct Tax Law in consonance with economic needs of the country?<\/strong><br \/>\n(a) Girish Ahuja<br \/>\n(b) Dr. Arvind Subramanian<br \/>\n(c) Sunil Chandra<br \/>\n(d) Arbind Modi<br \/>\n<strong>Answer: (d)\u00a0<\/strong><strong><br \/>\nRelated Facts:<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>On November 22, 2017, the Central Government constituted a work force to draft new direct tax laws under the chairmanship of the Central Direct Tax Board (CBDT) under the chairmanship of Arbind Modi.<\/li>\n<li>Followings are the member of Task Force:<\/li>\n<li>Shri Arbind Modi, Member (Legislation), CBDT \u2013 Convener<\/li>\n<li>Shri Girish Ahuja, practicing Chartered Accountant and non-official Director, State Bank of India;<\/li>\n<li>Shri Rajiv Memani, Chairman &amp; Regional Managing Partner of E&amp;Y<\/li>\n<li>Shri Mukesh Patel, Practicing Tax Advocate, Ahmedabad;<\/li>\n<li>Mansi Kedia, Consultant, ICRIER, New Delhi;<\/li>\n<li>Shri G.C. Srivastava, Retd. IRS (1971 Batch) and Advocate.<\/li>\n<li><em>Dr<\/em>.<em>Arvind Subramanian<\/em>, Chief Economic Adviser (CEA)\u00a0<em>will be a permanent<\/em>Special Invitee in the\u00a0<em>Task Force<\/em>.<\/li>\n<li>The Terms of Reference of the Task Force is to draft an appropriate Direct Tax Legislation keeping in view:\u00a0The direct tax system prevalent in various countries, the international best practices the economic needs of the country; and any other matter connected thereto.<\/li>\n<li>The Task Force will submit its report to the government within 6 months.<\/li>\n<li>It is noteworthy that during the Rajaswa Gyan Sangam held on 1st and 2nd September, 2017, the Prime Minister Shri Narendra Modi had proposed the reviewing the Income tax Act-1961 and to draft a new Direct Tax Law in consonance with economic needs of the country.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>\u00a0Reference:<\/strong><br \/>\n<a href=\"http:\/\/pib.nic.in\/newsite\/PrintRelease.aspx?relid=173742\" target=\"_blank\" rel=\"noopener\">http:\/\/pib.nic.in\/newsite\/PrintRelease.aspx?relid=173742 <\/a><br \/>\n<a href=\"http:\/\/www.thehindu.com\/business\/new-direct-tax-law-coming\/article20664346.ece\" target=\"_blank\" rel=\"noopener\">http:\/\/www.thehindu.com\/business\/new-direct-tax-law-coming\/article20664346.ece<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question: Recently, under whose chairmanship a Task Force has been set up by the central government in order to review the Income-tax Act, 1961 and to draft a new Direct Tax Law in consonance with economic needs of the country? (a) Girish Ahuja (b) Dr. Arvind Subramanian (c) Sunil Chandra (d) Arbind Modi Answer: (d)\u00a0 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":35282,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1089],"tags":[],"class_list":["post-35318","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-enew"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/35318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=35318"}],"version-history":[{"count":0,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/35318\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/35282"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=35318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=35318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=35318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}