https://www.taxtmi.com/news?id=21894 A government-appointed task force submitted a report proposing a new Direct Tax Code to replace the Income-Tax Act, 1961, with a mandate to draft a modern direct tax law aligned with international best practices and the country's economic needs; the panel, comprising tax officials, practitioners and consultants, completed its consultative drafting exercise after multiple government-ordered timeline extensions. en-us Mon, 19 Aug 2019 18:01:51 +0530 Mon, 19 Aug 2019 18:01:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21894 A government-appointed task force submitted a report proposing a new Direct Tax Code to replace the Income-Tax Act, 1961, with a mandate to draft a modern direct tax law aligned with international best practices and the country's economic needs; the panel, comprising tax officials, practitioners and consultants, completed its consultative drafting exercise after multiple government-ordered timeline extensions. News - Mon, 19 Aug 2019 18:01:51 +0530 https://www.taxtmi.com/news?id=21894