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Direct tax task force seeks extension for submitting report

Feb 28, 2019 11:50 IST

The task force set up to draft a new direct tax law that would replace the existing Income Tax Act, has now sought an extension to submit it’s report.The team which was scheduled to present it’s report by the 28th of February has now asked for another 2 to 3 months. The Finance Ministry in November last year appointed Akhilesh Ranjan of the CBDT, as convenor of the task force.