The Central Board of Direct Taxes (CBDT) has extended the scope of functions of the task force on Direct Tax.
The committee was formed to submit its recommendations on the drafting of the direct tax code. The tax force, headed by Central Board of Direct Taxes member Akhilesh Ranjan, was asked to submit its suggestions to the government by Feb. 28, 2019. However, the same has extended twice and asked to submit its report in July.
The Task Force was reconstituted under the Convenorship of Shri Akhilesh Ranjan, Member (Legislation), CBDT vide Order of even number dated 26.11.2018 and the Convenor was authorised to co-opt any person as Member. Accordingly, Ms Pragya S Saksena IRS 87004 has been co-opted as Member on 21.12.2018. 3. Shri Arvind Subramanian, Chief Economic Adviser (CEA) was a permanent special invitee to the Task Force as per the order dated 22.11.2017. He has since demitted the office and Shri Krishnamurthy Subramanian has taken over as the CEA. It has been decided to nominate Shri Subramanian as member of the Task Force.
An office order issued on Monday said that the ToR shall be broadened to include:
(i) The Faceless and anonymised verification/ scrutiny/ assessment (ii) The mechanism for system based cross verification of the financial transactions (iii) Reduction in litigation and expeditious disposal of appeals before the CF. (Appeals), ITAT, High Courts and Supreme Court (iv) Reduction of compliance burden by simplification of procedures (v) Sharing of information between GST, Customs, CBDT.
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