Monday, November 16, 2009

Views of Cmde Brijesh on Draft Direct Tax Code

From: Brijesh brijesh.gupta@gmail.com
To: kamboj_cs@yahoo.co.in
Sent: Fri, 13 November, 2009 6:06:21 PM
Subject: Draft Direct Tax Code
Dear Brig Kamboj,

The Draft Direct Tax Code, which will replace the present IT Act 1961 upon enactment, has been placed in public domain for discussion. The code has a number of provisions which if enacted without amendment, may take away some of the benefits currently available to the veterans. The provisions ,as currently drafted, may curtail the list of gallantry awards entitled to IT benefits as also the benefit for persons with disability pension. I have not seen any discussion in the IESM on these important issues that may hit the beneficiaries from 01 Apr 11, when the new code kicks in.

My suggestion to IESM therefore is to consider setting of a dedicated but broad based group consisting of veterans with experience in law, pay and allowances, gallantry award winners and persons in receipt of disability pension to examine the draft code and propose amendments. Once the amendments have generally been agreed to, then these could be forwarded to members of the mailing list for forwarding to appropriate agency in the Government for consideration.

It is my understanding that the proposed amendments will be examined by a committee before the draft is finalised and tabled in parliament for approval.

regards,
Brijesh,
Cmde(retd)
(Cmde Brijesh’s suggestion has been forwarded to the IESM Steering Committee for consideration – Chander Kamboj)