Direct Tax Code (DTC) - Satisfaction and awareness level among Practitioners and Academicians

Abstract

The government has released a comprehensive discussion paper and aft o f the new Direct Tax Code (DTC) that seeks to revamp and simplify the Direct Tax Law and its administration in the country through several radical changes. The code, which the government plans to enact and implement FY20I2 onwards with suitable changes i f required, envisages meaningful reduction in the tax rates while simultaneously being revenue neutral fo r the government.