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Direct Taxes Code

The Finance Ministry has released a revised and comprehensive "Direct Taxes Code 2013″. The said Code contains several significant changes with far-reaching implications to the law and practice of income-tax. The Code also seeks to make the law more simplified and comprehensible. There is specific emphasis in the Code on measures to tax tax evasion. The Finance Ministry has also issued a paper highlighting the salient features of the Direct Taxes Code 2013

Source: ITAT Online


"accountant" means a chartered accountant within the meaning of the Chartered Accountants Act, 1949 and who holds a valid certificate of practice under sub section (1) of section 6 of that Act, and shall include
-
(i) a company secretary within the meaning of the Company Secretaries Act, 1980

(ii)a cost accountant within the meaning of the Cost and Works Accountants Act,
1959 ; or

(iii) any person having such qualifications as the Board may prescribe,
for the purposes specified in this behalf.

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