Proposed new direct tax code

The draft of direct tax code that seeks to simplify the current tax provisions is released by the Finance Minister.
The Direct tax code originally developed by the former FM Mr. P. Chidambaram, is expected to become simple as compared to the present tax rules.
The draft of Direct Taxes Code (Dated 12th August, 2009) and Discussion Paper are available to download

at the Ministry of Finance, Govt. of India Website
Download Direct Tax Code