Need to simplify tax system, lower corporate tax: CBDT Member
Giving a brief idea for the first time about the new Direct Tax Code (DTC), the Central Board of Direct Taxes (CBDT) member and also Convenor of the Task Force Akhilesh Ranjan on Thursday said the draft law focuses on improving litigation system and easing compliance among others.
The member of the apex tax policy-making body said that for improving compliance, the taxpayer must believe that the tax rates and structure is something which is reasonable and moderate. IANS