Thursday, 17 June 2010

How revised DTC will impact the common man.

The government has released the keenly-awaited revised discussion paper on the Direct Taxes Code (DTC). 

The first draft code released in August 2009 was open for public comments, on which the government received valuable inputs from a large number of organisations and individuals. 

Responding to the voice raised by the common man and various trade bodies, the finance ministry has axed many proposals of the DTC which would have pinched a common man’s pocket. 


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