Finance Minister Pranab Mukherjee today hoped that the Direct Taxes Code (DTC), which seeks to replace the Income Tax Act of 1961, would come into force from April 1, 2012. “If we have it (the report of Standing Committee) in the Winter Session (of Parliament), I will have no problem in effecting it from April 1, 2012,” Mukherjee said in an interview.
http://economictimes.indiatimes.com/personal-finance/tax-savers/tax-news/direct-taxes-code-may-come-into-force-from-april-next-year-says-pranab-mukherjee/articleshow/9839177.cms
