Dear Pranab Babu: Budget 2012 should address uncertainty over DTC

On our segment, Dear Pranab Babu, Shrikant Meenakshi, Director at FundsIndia said that the Budget 2012 should address the uncertainty over the Direct Tax Code (DTC). "There is an uncertainty over what form the DTC is going to take and when it is going to come into effect. We would also like to know what exemptions and deductions are going to be a part of it. I would also like to see this equity-linked saving scheme-ELSS mutual funds - continued to be a part of deductibles in an investor's IT returns," he said.