Government has extended by one year the tenure of a high level committee set up under former Chief Economic Advisor Ashok lahiri to suggest steps to sorted out taxation problem being faced by the trade and industry. The panel was given the task of interacting with the industry on tax related issues on regular basis and ascertain areas where clarity in tax laws is required.
“The tenure of the committee which was till November 25 is now further extended for one year as per Office Memorandum dated November 10, 2015,” an official statement said on Thursday.
The other two members in the panel are Sidhartha Pradhan, retired member, Settlement Commission (Income Tax & Wealth Tax) and Gautam Ray, retired DG (Audit) Customs and Central Excise. “The High level Committee will continue to interact with the trade and industry on regular basis and ascertain the areas where clarity in tax laws is required,” it said.