NEW DELHI: The Central Board of Direct Taxes (CBDT) on Wednesday stated that it has constituted a task pressure to review the Income Tax Act, 1961 and to draft a brand new Direct Tax Law in consonance with the economic wishes of the rustic, the Ministry of Finance stated in a notification.
To get ready a draft of the brand new tax rules, CBDT stated that it's imperative to interact with stakeholders and common public. The policy-making frame of the tax division also stated that ideas and feedback are invited from the stakeholders and common public within the layout provided on the departmental web site (www.incometaxindia.gov.in).
It additional mentioned that the layout will also be downloaded from the web site and suggestions or feedback could also be despatched thru email at rewriting-itact@gov.in via April 2, 2018.
To get ready a draft of the brand new tax rules, CBDT stated that it's imperative to interact with stakeholders and common public. The policy-making frame of the tax division also stated that ideas and feedback are invited from the stakeholders and common public within the layout provided on the departmental web site (www.incometaxindia.gov.in).
It additional mentioned that the layout will also be downloaded from the web site and suggestions or feedback could also be despatched thru email at rewriting-itact@gov.in via April 2, 2018.
CBDT invites suggestions to draft new Direct Tax Law
![CBDT invites suggestions to draft new Direct Tax Law]()
Reviewed by Kailash
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March 22, 2018
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