Finance Minister P. Chidambaram today said official amendments to the Direct Taxes Code (DTC) bill, which seeks to overhaul the over 50-year old income tax law, will be introduced towards the end of Monsoon session of Parliament starting August 5.The DTC bill was introduced in Lok Sabha in 2010 and Standing Committee on Finance has given a report after its scrutiny."The report (of the panel) has come. I completed the exercise in the Ministry of Finance. The official amendments are now being drafted."They will be ready and I will introduce the official amendments in the Parliament towards the end of the Monsoon session and then it is for Parliament to pass it," P. Chidambaram said at a press conference here.
Source : Indian Express
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