Direct tax code implementation from next April: Report
April, 19th 2012
India will implement the direct tax code ( DTC) from April 1, 2013, Finance Secretary R.S. Gujral told a television channel on Thursday.
The code, which will replace existing Indian Income Tax Act 1961, intends to cut tax rates to bring more people and companies under the tax net, phase out profit-linked exemptions for companies and replace them with investment-linked incentives.