Objective of DTC is not to Amend the Income Tax Act - PC
FINANCE Minister Chidambaram told the ‘International Tax Review', the DTC needs a fresh look for no reason other than that there are several versions of the DTC. (How can there be several versions of the DTC? Who has authorised all these several versions?) The objective is not to amend the Income Tax Act, 1961, which has already been amended hundreds of times. The objective is to write a new Direct Taxes Code (DTC).