IT
Act,1961 to be replaced by
Direct Taxes Code(DTC)!!!
The
existing IT Act,1961 will be replaced by Direct
Taxes Code(DTC) which has been approved by both
Houses of Parliament and is likely to be effective
from 1st April 2012 onwards.
FMSF
has analysed the various provisions of the proposed
DTC and has brought the e-communique with Key Highlights
of the Proposed DTC approved by Union Cabinet.
Other
E-communique released by FMSF on DTC:
Appeal
to Finance Minister on Direct Tax Code for NPOs