The
Finance Minister, in his speech on Interim Budget 2014-15, made the following
observation on Direct Taxes Code (DTC):-
"Revenues
are of paramount importance. The best source of revenue is taxes and for that
we need modern tax laws. I am disappointed that we have not yet been able to
introduce GST. I leave it to you to answer the question, who blocked the GST when
an agreement on the game-changing tax reform was around the corner? We have
also got ready a Direct Taxes Code that will serve us for at least the next
twenty years. I intend to place it on the website for a public discussion
without partisanship or acrimony. I appeal to all political parties to resolve
to pass the GST laws and the DTC in 2014-15."
Accordingly,
the DTC, 2013 along with DTC Bill, 2010 is placed on http://incometaxindia.gov.in. A
write-up on the significant changes in the proposed DTC, 2013 is also placed on
the website. The report of the Standing Committee on Finance is available at
the http://loksabha.nic.in. Comments, if
any, on proposed DTC, 2013 may be sent on email ID: dtc13-dor@nic.in.
Click
the below links to download the respective files in PDF Format.
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