With the draft direct taxes code under fire for its proposal to tax long-term savings, among other issues, the finance ministry said Wednesday that a revised draft would be released for public comment within a month, and address these concerns.
“The revised draft on the direct taxes code will be put in the public domain shortly... I am confident it will take care of the concerns of various stakeholders,” finance minister Pranab Mukherjee said while speaking at the annual conference of chief commissioners and directors-general of income-tax here.
Central Board of Direct Taxes chairman S.S.N. Moorthy told reporters later the revised draft will be out within a month. —PTI