Replacing Income-Tax Act With Direct Taxes Code
  • WebDesk BTVI
  • Aug 19 2019

A task force has submitted a fresh report on Direct Taxes Code to Finance Minister Nirmala Sitharaman. While details of the report are not yet public, the idea behind the DTC is to make direct taxation easier, progressive and broad based. Given the current economic environment, BTVI’s Siddharth Zarabi discusses the possibilities of what this report can do by replacing the existing 58-year-old income-tax law.