Direct Tax Code

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New Income Tax Code: lower rates, fewer exemptions

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Finance Minister Pranab Mukherjee stuck to his promise made in his Budget speech and has put the draft Direct Tax Code in the public domain. The government is asking for comments, before it is introduced in parliament. Over the years, the Income Tax Act, 1961, has been supplemented by several amendments, interpretations and rules. Continue Reading →

Filed under: Economy+Policy, Top News, Direct Tax Code, Government, Income Tax