Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

General Knowledge

Question:

When was the Direct Tax Code Bill introduced in the Parliament of India?

Options:

2010

2005

2020

2015

Correct Answer:

2010

Explanation:

The correct answer is Option 1 - 2010

The Direct Tax Code Bill was introduced in the Parliament of India in the year 2010.

The Direct Tax Code (DTC) Bill was introduced in the Parliament of India in 2010 with the aim of simplifying and rationalizing the direct tax regime in the country. The bill proposed significant reforms to the existing tax laws, including the Income Tax Act, to make them more transparent, efficient, and taxpayer-friendly.