Direct Taxes Code panel for status quo on LTCG tax, STT; wants DDT to go

Government had constituted a committee to draft a new direct tax law to replace the existing Income Tax Act,1961.The committee was headed by Akhilesh Ranjan.It has submitted its report to the government. The task force has recommended retaining the long-term capital gains (LTCG) tax and the securities transaction tax(STT) while abolishing the dividend distribution tax(DDT).… Continue reading Direct Taxes Code panel for status quo on LTCG tax, STT; wants DDT to go