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    DTC bill to encourage people to pay taxes, says task force member Mukesh Patel

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    DTC bill to encourage people to pay taxes, says task force member Mukesh Patel

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    After working for more than 21 months and conducting 90 meetings, a task force led by Central Board of Direct Taxation member Akhilesh Ranjan has submitted its recommendations on the proposed direct tax code (DTC) to Finance Minister Nirmala Sitharaman today.

    After working for more than 21 months and conducting 90 meetings, a task force led by Central Board of Direct Taxation member Akhilesh Ranjan has submitted its recommendations on the proposed direct tax code (DTC) to Finance Minister Nirmala Sitharaman today.
    The new DTC, which will replace the 58-year-old Income Tax Act, is aimed at simplifying income tax provisions and improving tax certainty. The reforms recommended by the taskforce are aimed at simplifying income tax provisions and improving tax certainty among others.
    Talking to CNBC-TV18, Mukesh Patel, a member of the DTC tax force, has expressed his views on the draft recommendations.
    "Our task force has been given a number extensions, which are justified as we had to submit a full-fledged bill. Today, we discussed the nitty-gritties and niceties of the bill and its objectives. The government would study it before it is put in the public domain. When it unveils, every tax payer of India would be keen on paying taxes and every tax professional would proudly say that we have an efficient tax system," he said.
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