Direct Tax Code 2009 : Effective from 2011

by khalid on 09/10/2009 · 2 comments

Direct-Tax-Code1

Finance Minister Pranab Mukherjee announced on 9th Oct 09 that the proposed New Direct Tax Code would be implemented in 2011 as a Direct Tax Law.

The New Direct Tax Law will change the whole tax scenario and is expected to cut the corporate tax rate to 25 %, phase out exemptions and simplify rules on mergers.

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