Senior Revenue Department officials, including those retired, on Tuesday gave a presentation to the Finance Minister Pranab Mukherjee on the problem areas in the Draft Direct Taxes Code.
Labour Ministry Monday expressed its reservations on the Direct Tax Code`s proposal to tax all savings and provident fund schemes at the time of withdrawal.
The government has identified seven critical areas of concerns, including taxation of retirement benefits, in the draft Direct Taxes Code and proposals are just "illustrative" Finance Minister Pranab Mukherjee has said.
The govt plans to implement the Direct Taxes Code (DTC) from 2011-12 after addressing all concerns relating to controversial proposals.
Day in Pics: 29th August
August 29, 2014
Bipasha at launch event for Delhi Half Marathon