Business | NDTV Correspondent | Wednesday November 23, 2011
The Cabinet on Thursday approved Direct Taxes Code (DTC) Bill, clearing decks for tabling the legislation in the Monsoon Session of Parliament so that the new Act ushering in reduced tax rates and exemptions may come into effect from next fiscal.
The new DTC bill proposes to raise exemption limit for personal income tax from Rs 1.6 lakh to ...
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