9911796707
TMI BlogConstitution of Task Force for drafting a New Direct Tax Legislation-reg.X X X X Extracts X X X X X X X X Extracts X X X X ..... Constitution of Task Force for drafting a New Direct Tax Legislation-reg. X X X X Extracts X X X X X X X X Extracts X X X X ..... direct tax law in consonance with economic needs of the country, a Task Force is constituted with the following Members: (i) Shri Arbind Modi. Member (Legislation), CBDT - Convener (ii) Shri Girish Ahuja, practicing Chartered Accountant and non-official Director state Bank of India; (iii) Shri Rajiv Memani, Chairman & Regional Managing Partner of E&Y; (iv) Shri Mukesh Patel, Practicing Tax Adv ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ocate, Ahmedabad; (v) Ms. Mansi Kedia. Consultant, ICRIER. New Delhi; (vi) Shri G.C. Srivastava. Retd. IRS (1971 Batch) and Advocate. 2. Shri Arvind Subramanian. Chief Economic Adviser, will be a permanent special invitee in the Task Force. 3. The Joint Secretary (TPL-I). Joint Secretary (TPL-II). Commissioner of Income-tax (TPRU) and Director (Research) TPRU can be asked to remain present for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the meetings of the Task Force. Further, the Task Force can decide to interact with other stakeholders, whenever it feels necessary. 4. The Terms of Reference (ToR) of the Task Force is to draft an appropriate direct tax legislation keeping in view: (i) The direct tax system prevalent in various countries. (ii) The international best practices. (iii) The economic needs of the country and (iv ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ) Any other matter connected thereto. 5. The Task Force shall set its own procedures for regulating its work. The non-official members of the task force will be paid sitting fee of ₹ 6.000/- each per day of the meeting, subject to a ceiling of ₹ 60.000/- per month. The non-official Members of the Task Force who stay outside Delhi/place of meeting of the Task Force shall be paid TA and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... DA (including accommodation) as admissible to a Secretary level officer in the Government of India during their stay in connection with the meeting of the Task Force. Transport cost to non-official Task Force Members for attending meetings shall be reimbursed as per actual. The expenditure of the task force shall be met from the budgetary grants of Department of Revenue. The TPL Division of CBDT ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... shall provide the Secretarial Assistance to the Task Force.
6. The Task Force shall submit its report to the Government within six months from the date of its constitution.
7. This issues with the approval of the Finance Minister.
(Niraj Kumar)
Under Secretary (TPL)-I
Tel: 011-23095468
E-mail: [email protected] X X X X Extracts X X X X X X X X Extracts X X X X
|
