Tax Street - August 2019

INTRODUCTION

We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe for the month of August 2019.

The Task Force Report on the Direct Tax Code as an amendment to the Income Tax act of 1961 has come as a great relief to taxpayers in India. In an endeavor to bridge the gap between the taxpayers and the tax authorities, the new law propagates the business sense of the country.

• The 'Focus Point' section sheds light on the key takeaways from the Task Force Report on the New Direct Tax Code while highlighting the path it may pave for businesses in the country.