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 Tax and transparencya

Govt. reconstitutes Central Direct Taxes Advisory panel
September, 26th 2008

The government on Thursday reconstituted theCentral Direct Taxes Advisory Committee (CDTAC) for 2008-2010 to suggest measures for removing administrative and procedural roadblocks.

The committee will be chaired by the Finance Minister while Minister of State (revenue) will be the vice-president, an official statement said.

The committee would also advice the government on measures for developing and encouraging mutual understanding and co-operation between tax payers and the Income Tax Department, it added.

The panel will have three official members and sixteen non-official members. The official members will be Department of Revenue Secretary and Chairman and Member (Revenue) Central Board of Direct Taxes.

The non-official members comprise four Members of Parliament, two from the Rajya Sabha and two from the Lok Sabha, and twelve representatives, including lawyers, chartered accountants, economists, management experts and representatives of trade, commerce and industry from four zones of India.

The term of office of non-official members shall be two years. The committee will meet twice in every year-- for the first time between October and December and for the second time between April and June.

 
 
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