- six-member’s task force has been setup.
- Arbind Modi, CBDT member (legislation) will lead the task force as the convener and other members, including Girish Ahuja (chartered accountant), Rajiv Memani (chairman and regional managing partner of EY) and Mansi Kedia (consultant, Indian Council for Research on International Economic Relations).
- Chief Economic Adviser Arvind Subramanian will be a permanent special invitee in the task force.
- It will submit its report to the government within six months.
- Job of the task force is to draft an appropriate direct tax legislation keeping in view the direct tax system prevalent in various countries, the international best practices and the economic needs of the country.