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