In order to review the existing Income-tax Act, 1961 and to draft a new direct tax law, the Govt. had constituted a Task Force. Task Force was required to submit its report to Government by July 31, 2019. The Govt. has allowed the Task Force to submit its report by 16th of August, 2019 in light of the fact that the new Members of the Task Force requested for more time to provide further inputs
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