• DOPT
  • 7th CPC
  • LTC
  • Aadhar
  • AICPIN
  • Bank employees
  • CCS Rules
  • CSD
  • DA
  • JCM

CENTRAL GOVERNMENT EMPLOYEES NEWS

CG Staff News, Central Govt Employees News, Expected DA, Dopt Ordres, 7th Pay Commission News, Retirement Age

  • Home
  • 7thCPC
  • OROP
  • DOPT orders
  • 7th CPC PayScales
  • LTC
  • CGHS
  • Holidays
  • RETIREMENT AGE

Committee Formed by the Government to Simplify the Provisions of Income Tax Act, 1961

October 29, 2015 By admin

Press Information Bureau 

Government of India

Ministry of Finance

27-October-2015 

Government Sets-Up A Committee to Simplify The Provisions of The Income Tax Act, 1961

The Government of India has constituted a Committee with a view to simplify the provisions of the Income Tax Act, 1961, with the following composition:

(i) Justice R.V. Easwar, (Retd.), former Judge, Delhi High Court and former President, ITAT – Chairman
(ii) Shri V.K. Bhasin, former Law Secretary – Member
(iii) Shri Vinod Jain, Chartered Accountant – Member
(iv) Shri Rajiv Memani, Consultant – Member
(v) Shri Ravi Gupta, Sr. Advocate – Member
(vi) Shri Mukesh Patel, Tax-Advocate – Member
(vii) Shri Ajay Bahl, Consultant – Member
(viii) Shri Pradip P. Shah, Investment Adviser – Member
(ix) Shri Arvind Modi, IRS (IT:81009) – Member
(x) Dr. Vinay Kumar Singh, IRS (IT:95006) – Member

The Terms of Reference (ToR) of the Committee shall be as follows:

  1. i) To study and identify the provisions/phrases in the Act which are leading to litigation due to different interpretations;
  2. ii) To study and identify the provisions which are impacting the ease of doing business;

iii) To study and identify the areas and provisions of the Act for simplification in the light of the existing jurisprudence;

  1. iv) To suggest alternatives and modifications to the existing provisions and areas so identified to bring about predictability and certainty in tax laws without substantial impact on the tax base and revenue collection; and

The Committee shall set its own procedures for regulating its work. The Committee can also work in Sub-Groups and the draft prepared by the Sub-Groups can then be approved by the whole Committee. The Committee will put its draft recommendations in the public domain. After stakeholder consultations, the Committee will formalise its recommendations. The Committee can give its recommendations in batches. The First Batch containing as many recommendations as possible shall be submitted by 31st January, 2016.

The Term of the Committee shall be for a period of one year from the date of its constitution.

PIB

 

Related Posts:

  • Filing of RTI Applications Online…Reg.
  • Electronic verification of Income Tax Return Introduced by the Central Government..
  • Centre To Cut 25 Percent Govt Jobs…
  • Developing Military-Industrial Complex…
  • PIB – Employment of women and girls in Government organisations/Agencies…




Recent Entries

Holidays to be observed in Central Government Offices during the year 2018…

October 22, 2017

Website for Gallantry Awardees since Independence Launched…

August 15, 2017

Prime Minister addresses nation from the ramparts of the Red Fort on 71st Independence Day…

August 15, 2017

7th CPC – Transport Allowance issue settled for Pay Matrix Level 1 and 2….

August 15, 2017

Centre To Cut 25 Percent Govt Jobs…

August 13, 2017

NFIR – MACPS anomaly as a result of implementation of 7th CPC Pay Matrix levels…

August 12, 2017

NFIR – Anomaly in 7th CPC Pay Matrix Levels…

August 12, 2017

Retired Government servants to be appointed on contractual basis in Government Departments…

August 11, 2017

7th Pay Commission: Bad news for central government employees, no minimum pay hike…

August 10, 2017

NCERT launches its Web Portal for supply of NCERT Textbooks…

August 10, 2017




list

holidays
aicpin M
union cabinet

nps2

highlights

Like us on Facebook

October 2015
M T W T F S S
« Sep   Nov »
 1234
567891011
12131415161718
19202122232425
262728293031  

Enter your email address:

Delivered by FeedBurner

Subscribe to CENTRAL GOVERNMENT EMPLOYEES NEWS by Email




Pages

  • 7th CPC
  • 7th CPC PayScales
  • CGHS
  • DISCLAIMER
  • DOPT
  • LTC

Categories

Copyright © 2021 · News Pro Theme On Genesis Framework · WordPress · Log in