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Direct Taxes Code (DTC): What Does it Seek to Achieve?

VISION: Journal of Indian Taxation

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Field Value
 
Title Direct Taxes Code (DTC): What Does it Seek to Achieve?
 
Creator Rani, Vaneeta; Associate Professor, Government Bikram College of Commerce, Patiala, Punjab
 
Subject Direct Taxes Code, Tax-GDP ratio, Tax base
 
Description DTC seeks to consolidate and amend the law relating to all direct taxes, namely income tax, dividend distribution tax and wealth tax so as to establish an economically efficient, effective and equitable direct tax system which will facilitate voluntary compliance and help increase the tax-GDP ratio. All the direct taxes have been brought under a single code and compliance procedures unified, which will eventually pave the way for a single unified taxpayer reporting system. The need for DTC arose from concerns about the complex structure of half a century old Income Tax Act, 1961, which has been amended a large number of times, making it incomprehensible to the average taxpayer.
 
Publisher Journal Press India
 
Date 2015-06-30
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.myresearchjournals.com/index.php/VISION/article/view/2427
10.17492/vision.v1i2.2427
 
Source VISION : Journal of Indian Taxation; Vol 1, No 2 (2014)
2347-4475
 
Language eng
 
Relation http://www.myresearchjournals.com/index.php/VISION/article/view/2427/2356
 
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VISION : Journal of Indian Taxation