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New Direct Taxes Code (DTC) likely from April 2011

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The Finance Minister, Mr Pranab Mukherjee,  said that he was hopeful that the new Direct Taxes Code would be implemented from April next year.

“We are working on tax reforms. I am hopeful that the Direct Taxes Code will be implemented from April 2011”, Mr Mukherjee said in his address at Pravasi Bharatiya Divas, an annual conference for overseas Indians.

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