The National Academy of Direct Taxes, the apex training and educational body for direct taxes, has forwarded to a Central Board of Direct Taxes (CBDT) committee a report consisting of its recommendations on the proposed new Direct Tax Code. The CBDT committee will finalise these recommendations and send it to the finance ministry, which is now examining the code.
The report is sharply critical of the Direct Tax Code, which was open for public comment in August, opposing proposals to cut perso ...
