DTC Draft Law

DTC panel makes no sweeping suggestion on it; any possible govt action only in 2020

Suggests rejig in tax slabs, with some relief for those earning up to Rs 55 lakh a year; Corporation tax rate may come to 25% for all; DDT may go, procedures for dispute settlement may be streamlined

Suggests rejig of 20% and 30% slabs of personal income tax

One of the biggest changes the draft law could propose is to do away with jurisdiction-based assessment and replace it with specialised teams of direct tax officials assessing specific cases