Expenditures rise to meet income

How about a one-line code!

To all those who always felt incomplete only because of not knowing the income-tax law, the golden opportunity is soon to come, in the form of a fructified Direct Taxes Code, once the due process of Bill-turning-into-an-Act is over. The baseline has been drawn and we the novices and the tax experts are all on that, especially after Chiddu’s chiding of all the professionals who wanted to read the Code through the lens of the existing Income-Tax Act. Let’s get g oing, therefore.

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