DTC Panel For Relief To Individual Taxpayers, Against I-T Surcharge: Sources
  • WebDesk BTVI
  • Aug 20 2019

A government-appointed panel on Monday submitted its report to overhaul the six-decades-old Income-Tax Act. While the details of the report are not disclosed, sources have told BTVI that the panel has suggested changes in the slab for personal income tax. The panel is not in favour of surcharge on direct taxes and has suggested corporate tax cut roadmap, along with abolishing DDT and MAT. TP Ostwal, tax expert, and Punit Shah, Partner at Dhruva Advisors, give their views on the recommendations.