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Sunday, April 6, 2014

Direct Taxes Code 2013 : Top 10 facts

The Finance Ministry on Tuesday released a revised Direct Taxes Code (DTC) for comments. The new tax code is meant to create an efficient direct tax system by replacing the archaic Income Tax Act. The Direct Taxes Code Bill, 2010, was introduced in the Lok Sabha in 2010 and was later referred to the Standing Committee on Finance. ........