Brace yourselves — Direct Taxes Code revisions announced yet again
Further to its tax reform initiatives, the government of India is in the process of revising, simplifying and consolidating the structure of direct tax laws in India by proposing the Direct Taxes Code (DTC).
As a precursor, a draft DTC Bill along with a discussion paper was first put in place in 2009 inviting public comments. The DTC Bill, upon enactment, will be a substitute for the Income Tax Act 1961 and the Wealth Tax Act 1957.
Based on the feedback received from various stakeholders, the DTC Bill 2010 was introduced in the Indian Parliament in August 2010. Subsequently, the Standing Committee on Finance had reviewed the DTC Bill 2010 and provided its recommendations…
Click on the link below to read the rest of the Khaitan & Co briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Khaitan & Co
Briefings from Khaitan & Co
Key changes include the introduction of e-auctions for mineral concessions.
India intends to be a world player by 2020, and this policy is aimed at simplifying the import/export process.