CONSTITUTION OF A COMMITTEE TO EXAMINE THE SUGGESTIONS ON THE DRAFT DIRECT TAXES CODE

PRESS RELEASE, DATED 28-8-2009

In the Board meeting held on 27th August 2009 the following decisions were taken :

(i) Suggestions will be invited from all the officers and the public regarding the Direct Taxes Code. Suggestions will be invited through the Cadre controlling CCITs and also directly from the officers through irsofficersonline.

(ii) The suggestions has to be received by the core Committee by 10th September and a draft based on suggestions and their studies will be prepared by the core Committee by 15th September which will be put before the full Board for consideration

(iii) The final suggestions as approved by the full Board shall be placed before the Finance Minister.

(iv) The Core Committee will constitute of the following officers :

1. CIT (C&S) - Convenor and the remaining sections

2. CIT (ITA) - All sections relating to Exemptions and Assessment procedure

3. CIT (Inv) - All Sections relating to Search and Seizure, Surveys, Penalty and prosecution

4. CIT (IT&CT) - All sections relating to TDS, Recovery and Other taxes

5. CIT (A&J) - All sections relating to Appeal, judicial work and Definitions

6 and 7. JS (FT &TR)-I and II - All sections relating to International Taxation and transfer Pricing

8. CIT (MC) - Structure of the Board

The suggestions may be invited in the following format : -

Sl.No.

Chapter of NDTC

Section of NDTC

Provisions of NDTC

Change Suggested

Brief reasons for the suggested change

NDTC - New Direct Taxes Code

This issues with the approval of the Chairman, CBDT.