'Too radical': Centre likely to implement direct tax code in parts

The new income tax regime is modelled on the task force's recommendations

The wait for the proposed Direct Tax Code (DTC) could get longer because the government is of the view that the recommendations on it are too “radical” and require more deliberation.

In addition, it is in favour of implementing in parts the proposals made by the task force on the DTC.

“The report is exhaustive and cannot be implemented at one go. Instead of making the report public, the government would pick some recommendations and implement them,” said a source privy to the government plan.

There were expectations that the finance ministry in the Budget would put the DTC in