Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: Central Excise rule to resale the machines to a new company :: empanelment :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: ACCOUNTING STANDARD :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: form 3cd :: VAT Audit
Direct Tax »
 Salaried taxpayers to get SMS alerts for TDS deductions
 Salaried tax payers to get SMS alerts on TDS deductions
 Mumbai zone direct tax collection flat in H1 FY17
 CBDT issues final rules for taxing share buy back by companies
 CBDT issues final rules for taxing share-buyback
 The direct tax collections up to September, 2016 are at Rs. 3.27 lakh crore which is 8.95% more than the net collections for the corresponding period last year.
 IDS is tremendous success: CBDT chief Rani Singh Nair
 Submit monthly data of appeals disposed of: CBDT to officers
 Direct tax mop-up jumps 9 per cent in H1, indirect tax up 26 per cent
 Income tax department slams notice on five Mumbai-based exporters over offshore accounts
 Redress TDS mismatch grievance of taxpayers: CBDT

The Government of India has constituted a Committee to simplify the provisions of the Income Tax Act, 1961
October, 29th 2015
                    THE INCOME TAX ACT, 1961

                                                                 New Delhi, October 27, 2015

                                                                              Kartika 5, 1937

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, Chartered Accountant       -       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:

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

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

       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

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Internet Marketing Website Marketing Internet Promotion Internet Marketing India Website Marketing India Internet Promotion India Internet Marketing Consultancy Website Marketing Consulta

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions