Task force on direct tax laws gets two more months to submit report

The finance ministry had appointed the second task force under Ranjan after there were disagreements among members

The deadline for the direct tax code task force to submit its report has been extended by two months to July 31, according to a government official. This decision was taken by Finance Minister Arun Jaitley when he met officials of the ministry, including Revenue Secretary A B Pandey and Central Board of Direct Taxes (CBDT) Chairman P C Mody.

The task force under Akhilesh Ranjan, a CBDT member, was earlier given a three-month extension till May 31. The panel has sought another two months which the finance minister approved on Friday. The new direct tax code would replace the