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Tag: Direct Tax Code

New Income Tax Code: lower rates, fewer exemptions

August 13, 2009August 20, 2014Editor

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.

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