Monday, December 17, 2007

The (impending) Direct Tax Code is intended to simplify the tax laws insofar as income-tax is concerned.

We need to mature in tax law admin

Tax laws in many countries tend to be complex, but with India beginning to occupy an increasingly important place on the world stage, the benchmark for comparison has to be changed, says Mr Ketan Dalal , Executive Director, PricewaterhouseCoopers (PwC), Mumbai.

“India will increasingly be compared, not against other developing countries, as in the past, but with the dominant and mature economies,” he adds, during an exclusive interaction with Business Line, over the phone and e-mail, shortly after the release of PwC’s ‘2007 Tax Risks in India survey’.

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