What is the full form of "DTC"?

A. Debt Tax Code

B. Direct Tender Code

C. Direct Tax Code

D. Demand Tenants in Common

Answer: Option C

Solution(By Examveda Team)

Direct Tax Code is set of rules that is going to replace the existing Income Tax Act (IT Act). It covers all taxes that is under the present IT Act including corporate income tax and personal income tax. Effort to create a DTC started from 2009 onwards.