Direct Tax Code Impact Overview Features Dtc It Act Difference
First time Direct Taxes Code Bill, 2010, introduced in Lok Sabha on 30 August 2010 was referred to the Committee on 09 September 2010 for examination and report thereon, by the Speaker, Lok Sabha. When new government came in power in the year 2014 finance minister Sri Arun Jaitely proposed the Direct Tax Code on 22nd November 2017, the finance ministry sets up a six-member task force to draft a new direct tax law that will better serve the country’s economic needs by widening the tax base, improving compliance and ease of doing business....