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Expert panel gets time till Monday to give direct tax code report


  • The panel, led by CBDT member Akhilesh Ranjan, was earlier required to submit its recommendations on Friday
  • The new direct tax code will try to simplify tax law provisions, improve certainty and predictability of the law and reduce litigation

New Delhi: A finance ministry-appointed task force, drafting a new direct tax code that will replace the Income Tax Act, will give its report to finance minister Nirmala Sitharaman on Monday, said a person privy to the development. The panel, led by Central Board of Direct Taxes member Akhilesh Ranjan, was earlier required to submit its recommendations on Friday.

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