February 28, 2011 12:11 PM
DTC proposed to be implemented from April 1st, 2012
Finance Minister Pranab Mukherjee said the Direct Taxes Code (DTC), which will replace the Income Tax Act, is proposed to be implemented from April 1, 2012. In the DTC Bill, which was introduced in Parliament last year, the annual I-T exemption limit is proposed at 2 lakh rupees, compared to 1.6 lak...