March 22, 2018 7:00 AM

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Task force to review I-T Act, 1961 & to draft new Direct Tax Law in consonance with economic needs of country

<div>Government has constituted a task force to review the Income-tax Act, 1961 and to draft a new Direct Tax Law in consonance with the economic needs of the country.&nbsp;</div>''<div><br />''</div>''<div>Finance Ministry, in a release said, in this endeavour of drafting the new tax law, it is imperative to engage with stakeholders and general public.&nbsp;</div>''<div><br />''</div>''<div>The Ministry has sought suggestions and feedback from stakeholders and general public in the format provided on the departmental website &lt;www.incometaxindia.gov.in&gt;.&nbsp;</div>''<div><br />''</div>''<div>It said, the format can be downloaded from the website and suggestions may be sent through e-mail at rewriting-itact@gov.in, latest by 2nd of next month.</div>''<div><br />''</div>

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