new income tax law?

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Prathamesh (Querist)
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14 September 2009 i have heard that the Govt proposes to repeal ITA, 1961 and frame & enact ITA,2011 with all new sections and provisions etc. (of course keeeping the Basic Structure same)..

is it true?? if yes, could u pls provide me any details?

thanks in advance.

Jitender

Jitender (Expert)
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14 September 2009 yes , it is true.

it will be done by bringing new DirectTax code 2009 into effect.

u can download it from share file section.

CA CS CIMA Prakash Somani

CA CS CIMA Prakash Somani (Expert)
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15 September 2009 Yes its true but when it will come into force is not sure. you know earlier there were klot of confusions i.e. section, sub section, expalnations, proviso1,2,3.... to avoid all these ITA new bill is proposed.

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Prathamesh

Prathamesh (Querist)
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15 September 2009 hey thanx guys... i've downloaded the new tax code..