New Delhi, March 21, 2018

The Central Board of Direct Taxes (CBDT) on Wednesday said that it has constituted a task force to review the Income Tax Act, 1961 and to draft a new Direct Tax Law in consonance with the economic needs of the country, the Ministry of Finance stated in a notification.

To prepare a draft of the new tax laws, CBDT said that it is imperative to engage with stakeholders and general public. The policy-making body of the tax department also stated that suggestions and feedback are invited from the stakeholders and general public in the format provided on the departmental website (

It further mentioned that the format can be downloaded from the website and suggestions or feedback may be sent through e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it. by April 2, 2018.

[The Times of India]