DTC introduced in Parliament with marginal benefits
Diluting some of the promises, governmenton Monday introduced in the Lok Sabha the Direct Taxes Code Bill seeking to increase exemption threshold for income tax payers and reduce corporate taxes while removing the preferential treatment for women.
The 319-clause bill, tabled by Finance Minister Pranab Mukherjee, seeks to replace the five-decade old Income Tax Act, 1961, and will come into effect from 1st April, 2012, one year
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