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NDA2018General AbilityGeneral StudiesActual

In order to review the Income Tax Act, 1961 and to draft a new Direct Tax Law in consonance with economic needs of the country, the Government of India in November 2017 has constituted a Task Force. Who among the following is made the convenor of it?

Options

  1. AShri Arvind Subramanian
  2. BShri Arbind Modi
  3. CShri Amitabh Kant
  4. DDr. Bibek Debroy

Correct answer

B. Shri Arbind Modi

Step-by-step solution

The Union Government has recently constituted a task force to review the Income Tax Act 1961 and draft a new direct tax law in consonance with current economic needs. CBDT member Arbind Modi will be the convener of task force while Chief Economic Adviser Dr. Arvind Subramanian will be a permanent Special Invitee. The task force will draft an appropriate direct tax legislation keeping in view the direct tax system in various countries, international best practices and economic needs of the country. It will submit it

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