The Revenue Secretary in the Ministry of Finance, Sanjay Malhotra while addressing ‘FICCI’s interactive session on Union Budget 2024-25’ said that the government is working towards a comprehensive review of the Direct Tax Code.

It will be prepared by the internal committee and then shared for stakeholder consultation within the next six months. “We will have a consultation process and how it will happen that we will decide. We would like to have a collaborative approach for implementation,” he added.

The Revenue Secretary further stated that the efforts of the government will continue to provide a hassle free, simple and collaborative approach towards implementation of taxes. Malhotra said, “Our approach towards taxation has always been and will continue to be in the mode of collaboration and not confrontation. The purpose of our proposals, both on the policy side as well as on the implementation side, are to collect taxes from wherever they are due but do it in a manner that gives respect, trust to the taxpayers and collect them in a smooth and hassle-free manner.”