The Union Government has constituted which task force of draft new Direct Tax Law? [March 2018]

Arun Jaitely

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Arvind Subramanian

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Pritam Das

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Arvind Modi

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Solution

The correct option is C Arvind Modi
The Government of India (GoI) had constituted an $8$ -member task force under CBDT member Arvind Modi in November $2017$ to review the Income-tax Act of $1961$ and to draft a new Direct Tax Law in consonance with the economic needs of the country. The task force will also study the direct tax system in other countries and also keep in mind international best practices.

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