Revised DTC Bill released for public comment

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A draft Direct Taxes Code (DTC) Bill, along with a discussion paper was released in August 2009. After considering suggestions from various quarters, a revised discussion paper was released in June 2010, and an amended DTC Bill, 2010, was introduced in parliament in August 2010.

Communication_and_speech_bubblesThe 2010 bill was referred to the Standing Committee on Finance, which submitted its report in March 2012. The bill has been modified substantially through the Finance Acts of 2011, 2012 and 2013, and a revised DTC Bill, 2013, has now been released for public comment.

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The business law digest is compiled by Nishith Desai Associates (NDA). NDA is a research-based international law firm with offices in Mumbai, New Delhi, Bangalore, Singapore, Silicon Valley and Munich. It specializes in strategic legal, regulatory and tax advice coupled with industry expertise in an integrated manner.

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