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<h1>Finance Minister Plans to Introduce New Direct Taxes Code Aligned with Global Standards Before Budget Session Ends.</h1> The Finance Minister announced that the work on the Direct Taxes Code (DTC) is ongoing, aiming to create a new code aligned with international standards rather than amending the existing Income-Tax Act of 1961. During the Union Budget presentation, it was noted that the Standing Committee on Finance has submitted its report, which is currently under review by the Ministry of Finance. The Minister intends to reintroduce the Bill to the House before the Budget Session concludes.
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