August 31, 2010 2:14 PM
Direct Taxes Code Bill introduced in the Lok Sabha; To come into effect from 2012
The government has introduced the much-awaited Direct Taxes Code Bill in the Lok Sabha which proposed to raise the exemption limit on Income Tax from the current 1.6 lakh rupees to two lakh rupees. The Bill, which seeks to replace the five-decade old Income Tax Act, 1961, was introduced by Finance M...