Chidambaram unhappy with Pranab’s Direct Taxes Code - TopicsExpress

Chidambaram unhappy with Pranab’s Direct Taxes Code proposals Finance Minister P. Chidambaram expressed disappointment over the changes in the Direct Taxes Code (DTC) proposals brought in by his predecessor Pranab Mukherjee in the Finance Ministry and subsequently by the Standing Committee on Finance.Addressing the 32 Skoch Summit in the city on Thursday evening, the Finance Minister said, “Working right through in 2008, every single section of the DTC was drafted by me, Parthasarathi Shome and few other officers in the Income Tax Department.”DTC law aims to consolidate and amend the law relating to direct taxes.In 2010, changes were made to the DTC 2008 proposals by Pranab Mukherjee, the then Finance Minister. Mukherjee took over from Chidambaram after the 2008 Mumbai terror attacks following which the latter was given charge of the Home Ministry. Source : thehindubusinessline/todays-paper/tp-economy/chidambaram-unhappy-with-pranabs-direct-taxes-code-proposals/article4792460.ece

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