alleryStart learning →The Direct Taxes Code Bill lapsed after the revocation of which Act in 2015?
AGift Tax Act
BEstate Duty Act
CBlack Money Act
DWealth Tax Act
Answer & Solution
Correct answer: D. Wealth Tax Act
The Bill, sponsored in 2010 to replace the Income Tax Act and the Wealth Tax Act, lapsed once the Wealth Tax Act was revoked in 2015.
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