<span style="color: #222222;">The Government has allowed the task force, formed to draft new direct tax law, to submit its report by August 16.<br />''<br />'' Earlier, the force had to submit its report by July 31.<br />''<br />''The Finance Ministry in a release said, the extension has been given as new members of the Task Force requested for more time to provide further inputs.<br />''<br />''The 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.</span><br />