In 2017, the Union Government set up a task force to review the Income Tax Act of 1961 and draft a new direct tax law. Who was its first convenor?
Question and options
In 2017, the Union Government set up a task force to review the Income Tax Act of 1961 and draft a new direct tax law. Who was its first convenor?
- Arvind Subramanian
- Mansi Kedia
- Arbind Modi
- Girish Ahuja
Answer and explanation
Correct answer: C - Arbind Modi
The task force constituted in November 2017 to review the Income-tax Act, 1961 and draft a new direct tax law was first headed (as convenor) by Arbind Modi, Member (Legislation) of the Central Board of Direct Taxes. After he retired in 2018, Akhilesh Ranjan became convenor. Arvind Subramanian was then Chief Economic Adviser and did not head the task force. The Income-tax Act, 1961 has since been replaced by the Income-tax Act, 2025.
Practice for these exams
-
CUSAT CAT LLM
-
Bihar Judicial Services
Subject revision
-
Uttarakhand Judicial Services
Subject revision
Related question papers
Related exam syllabi
More solved explanations in Indian economy
- In March 2026, what maximum non-controlling land-border-country ownership could qualify for the automatic FDI route under DPIIT's Press Note 2, subject to sectoral…
- Milton Friedman emphasized:
- What is India's share in global manufacturing as per the Economic Survey 2024-25?
- Under AMRUT 2.0 Scheme, what is the Central Government's share in the cities with population more than one lakh, but less than 10 lakh?
- Which country hosts the headquarters of OECD?