Friday, August 27, 2010

Direct tax code 2011

The government has cleared the draft law is a law of direct taxes, it is likely to be tabled during the monsoon session of Parliament, "the sources said after a cabinet meeting chaired by Prime Minister Manmohan Singh.

Has been issued a bill of direct taxes (DTC) with a discussion paper in August, in August 2009 for public comment. Since then a number of valuable contributions on the proposals contained in these documents are received from many organizations and individuals. Have been examined and these inputs and the key issues to the various stakeholders, which gave their views have been identified. This rate is the discussion paper dealing with this major issues.It and referred to the Select Committee, will be introduced in the Rajya Sabha on Monday. New provisions in the law of direct taxes are as follows:

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