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Monday, 19 August 2019

Task force on direct tax code submits report to Nirmala Sitharaman

A government-appointed task force headed by Central Board of Direct Taxes member Akhilesh Ranjan on Monday submitted its report on the new direct tax code, which seeks to replace the existing Income-Tax Act. The panel was supposed to submit its report to the government, within 6 months, by May 22, 2018, which was further extended till August 22.

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