Live
- IPL 2024: Will Jacks, Kohli shock Gujarat, keep RCB's playoff hopes alive
- IPL 2024: 'Can't sit and speak from a box', Virat Kohli slams strike-rate critics
- ISL 2023-24: We have to give our everything, says FC Goa's Fernandes ahead of semis clash with Mumbai City
- Study confirms air pollution increases risk of Alzheimer's disease
- Pakistan Foreign Minister Ishaq Dar appointed Deputy Prime Minister
- BRS alone can stall attempts to make Hyderabad a union territory: KTR
- AIADMK slams TN govt for collecting fee for summer sports coaching camps
- Ujjwal Nikam praises Modi govt for 'ruthless' approach against terrorism, giving befitting reply to Pakistan
- Indian Coast Guard apprehends Pakistani boat with huge consignment of narcotics
- PM Modi's steadfast campaign: Sustaining opposition to Congress' 'appeasement' politics
Experts hope high on direct tax code
With the direct tax code (DTC) being in the works for years and report of the task force expected anytime now, tax experts hope the new draft law would ease compliance burden and reduce future litigations by incorporating orders of various high courts and the Supreme Court while settling the cases.
New Delhi: With the direct tax code (DTC) being in the works for years and report of the task force expected anytime now, tax experts hope the new draft law would ease compliance burden and reduce future litigations by incorporating orders of various high courts and the Supreme Court while settling the cases.
"Broadly, easing the tax and compliance burden, bringing in simplification and certainty in tax provisions and compliances, and introducing provisions facilitating merger and acquisition (M&A) activity and other restructuring will be the major asks from corporates," said Amrish Shah, Partner, Deloitte India.
Rahul Garg, Senior Partner (Tax & Regulatory), PwC India said that his expectation is that the new DTC would be a modern law which would make tax administration technology enabled. Further, it would make tax governance effective.
