Tone up the IT Act!!

CA Nikita | Last updated: 07 October 2007

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The next Budget is some months away but already the air is rife with expectations, what with the Finance Minister announcing the arrival of a new income-tax code before end-2007. The Companies Bill, 1993 and the Companies Bill, 1997 flattered to deceive. Neither of them was carried to fruition. Working Draft The Working Draft of the new I-T Act was put in the public domain during the twilight years of the last century, but no one knows why it was given the quietus. Perhaps it rubbed some people

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CA Nikita

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Tone up the IT Act!!

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