Implementation of DTC delayed by a year, no special concession for female tax payers The government has introduced the much-awaited Direct Taxes Code Bill in the Lok Sabha which proposed to raise the exemption limit on Income Tax from the current 1.6 lakh rupees to two lakh rupees. The Bill, which seeks to replace the five-decade old Income Tax Act, 1961, was introduced by Finance Minister Pranab Mukherjee in Lok Sabha on Monday.
The Bill will now be examined by the Standing C...
Do you think that in today's highly fractured and competitive politics the Parliament will, in near future, be able to function properly and constructively?
