The Union Finance Ministry has appointed Akhilesh Ranjan, a member of Central Board of Direct Taxes (CBDT) as the Convenor of Task Force that is drafting New Direct Tax Legislation (Law).
He will replace Arbind Modi who retired in September 2018.
The task force was constituted in November 2017.
It has been constituted to review the Income-tax Act, 1961 and to draft a new direct tax law in consonance with the economic needs of the country.