The Lok Sabha was informed, on Friday that the new direct tax code will be released for public discussion by August 20. The new code will be released along with a discussion paper, the Minister of State for Finance, Mr S. S. Palanimanickam, said in a written reply in the Lok Sabha. On July 6, the Finance Minister, Mr Pranab Mukherjee, had in his Budget speech for 2009-10, promised to pursue structural changes in direct taxes by releasing the new direct tax code within 45 days.
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