Current Affairs

Akhilesh appointed as Convenor of Task Force drafting New Direct Tax Legislation

Union Finance Ministry has appointed Akhilesh Ranjan, Central Board of Direct Taxes (CBDT) member as Convenor of Task Force that is drafting New Direct Tax Legislation (Law).
Akhilesh appointed as Convenor of Task Force drafting New Direct Tax Legislation
  • He will replace Arbind Modi who retired in September 2018.
  • The other members (composition) of the Task Force remain unchanged. 
  • Akhilesh Ranjan is presently serving as Member (Legislation) of CBDT.

Details:

  • The task force was constituted in November 2017 in order to review Income-tax Act, 1961 and to draft new direct tax law in consonance with the economic needs of the country.
  • At that time, Arbind Modi, who was then Member (Legislation) of CBDT was appointed as Convener of the task force.
  • The task force has been mandated to draft an appropriate Direct Tax Legislation keeping in view the direct tax system prevalent in various countries, international best practices and economic needs of the country.
  • It will submit its report to the Government by February 28, 2019. 
  • It has set its own procedures for regulating its work.

Question:

Q. Union Finance Ministry has appointed which Central Board of Direct Taxes (CBDT) member as Convenor of Task Force that is drafting New Direct Tax Legislation (Law)?
a. Akhil Ranjan
b. Akhilesh Ranjan
c. Akhileshwar Ranjan
d. None of the above
Akhilesh appointed as Convenor of Task Force drafting New Direct Tax Legislation Akhilesh appointed as Convenor of Task Force drafting New Direct Tax Legislation Reviewed by Inderjeet Virdi on November 28, 2018 Rating: 5

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