How to make life easy for taxpayers? Direct Tax Code 2.0 awaited in 2019

It is imperative the new law does not compromise on the 3Cs of a tax regime - certainty, clarity, and consistency

income tax, I-T dept, ITR filing

Mukesh Butani
The New Year chimes of 2019 will witnesses a progressive celerity of GST law at its infancy, however, the same couldn’t be a case in the headway to Direct Tax Code (DTC) 2.0. Uproar for simplifying the direct tax legislation gets vigorous with the upcoming Lok Sabha elections, considering that the August 2018 deadline was missed with retiral of the task force convener. North Block’s quick revitalising attempt in November with the appointment of the new convener of the task force is clearly a sign of serious efforts to bring a promised non-adversarial tax regime in place, though it’s safe
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper

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First Published: Dec 30 2018 | 9:23 PM IST

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