DTC Gets Cabinet Nod – Bill in Parliament on Monday - Media Blitz
WHILE GST has taken a back seat, the Direct Taxes Code has received the approval of the Cabinet and is all set to be introduced in Parliament on Monday. Within minutes of the announcement, the media went on a wild rampage explaining minor intricacies of the proposed Bill. Several channels calculated tax liabilities and savings. Special Correspondents and expert commentators have already offered elaborate analyses on the one line said by the Finance Minister - "The whole objective is that a plethora of exemptions will be limited; tax slabs will be three. Rate of taxes will be taken in the schedule so that they need not be changed every year"