New Direct Taxes Code (DTC) likely from April 2011

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.