The Direct Tax Code (DTC) is a proposed reform to the Income Tax Act, 1961 (representational) A set of new tax laws called the Direct Tax Code is likely to simplify compliance for taxpayers soon.
The Finance Minister, Mr Pranab Mukherjee, has said the Direct Taxes Code (DTC), which will replace the Income-Tax Act, is proposed to be implemented from April 1, 2012. "... The code is proposed to ...
The Income-Tax Bill, 2025, set to replace the six-decade-old Income Tax Act, 1961, brings significant refinements to India’s tax framework. However, unlike the Direct Taxes Code (DTC) proposals of ...
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