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The case for simpler tax laws

The government should bring in a new Direct Tax Code to end the current ambiguities, usher in a taxpayer-friendly environment and improve ease of doing business

New ITR forms seek more disclosures: Know about all important changes
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New ITR forms seek more disclosures

Vikas Vasal
The idea of a new Direct Tax code (DTC) has been in the works since 2009. Almost after eight years of pursuit, the idea was given a burial by the finance minister in his Budget speech in February 2017. The idea got a fresh lease of life within a span of six months, when a task force was constituted in November 2017 to give its recommendations on the current tax regime and how to align it with the needs of a dynamic and fast-growing economy.

The task force was directed to give its recommendations keeping in mind aspects such as the
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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