direct tax code
The new task force, headed by CBDT Member Akhilesh Ranjan, in the report, sought to replace the existing Income Tax Act. The details of the submitted draft on new Direct Tax Code are not available. (Representional Image)
Panel submits tax recommendations
20 Aug 2019 2:48 AM

The task force was supposed to submit its report by May 31, but the deadline had been extended to August 16.

The task force was assigned to draft direct tax laws in line with the norms prevalent in other countries, incorporating international best practices, and keeping in mind the economic needs of the country.
Task force on Direct Tax Code submits report to FM
19 Aug 2019 5:52 PM

The details of the report, however, could not be known immediately.

On the proposed direct tax code, PwC's Sandeep Ladda expected the new income tax law to emerge from the next year's Budget in February 2020. "It could be either a road map or the law itself." (Representational image)
'No export incentives in Budget may be part of govt's plan to phase out tax holidays'
15 Jul 2019 6:08 PM

(The government) has not provided specific proposals to boost exports, said PwC's Sandeep Ladda.

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