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>
> The much-awaited Direct Taxes Code Bill, intended to simplify
> India's direct tax regime, was presented to Parliament by Finance
> Minister Pranab Mukherjee on August 30. The Code is expected to be
> effective April 1, 2012, and will fundamentally impact domestic and
> global companies doing business in India. The framework of the new
> Code will redefine the way investments are made in India. Current
> business models and investment structures will have to be reviewed
> as companies prepare to switchover to the new Code.
>
> Earlier versions of the Code, which had been proposed by the
> Government of India, created a host of concerns for foreign
> investors. This final version, while addressing some of those
> concerns, has generated several other issues of interest.