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Direct tax code 2013

Direct tax code 2013

Name: Direct tax code 2013

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The Act provides for a withholding tax exemption on income paid by qualifying AIF/VCF/VCC to its investors. However, such withholding tax exemption is not provided for in DTC (nor was such an exemption present in DTC ). (1) This Act may be called the Direct Taxes Code, (2) Subject to the provisions of this Code, income-tax, including additional. Direct Taxes Code How it affects you. The Finance Ministry on Tuesday released a revised Direct Taxes Code (DTC) for comments. The new tax code is meant to create an efficient direct tax system by replacing the archaic Income Tax Act.

The Direct Taxes Code (DTC) is an attempt by the Government of India (GOI), for many years, to revise, consolidate and simplify the language and structure of direct tax laws in India into a single legislation. The new Direct Tax Code, ('Code' for short) paves the way new areas in Income Tax for the Company Secretaries in practice. 31st March DTC (Direct Tax Code ) revised versions released. The bill included the suggestions of SCF for public comments.

The Finance Ministry has released a revised and comprehensive “Direct Taxes Code ”. The said Code contains several significant. (1) This Code may be called the Direct Taxes Code, (1) Subject to the provisions of this Code, Eevery person shall be liable to pay income tax in. CA Garima Mittal. In this article, author attempts to explain key insights of Direct Tax Code , comparing with DTC and Income Tax Act. First mooted in to overhaul the five decade old direct tax regime with an the Direct Taxes Code, (DTC) is making headlines again.

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