Is India ready to embrace new tax law?
Is India ready to embrace new tax law?
The draft direct tax code released by the finance ministry that seeks to replace the 48-year-old tax law has found overwhelming support. It suggested significant cuts in tax rates for individuals and companies, pruned exemptions, choked loopholes for foreign companies and radically changed definitions, all of which are likely to have a mixed impact on companies and individuals.
Also See Key Findings Of The Survey (Graphics)
Also Read The new proposals are an integrated package
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