CM to meet President on Direct Tax Code

BANGALORE: Chief minister DV Sadanand Gowda has urged President Pratibha Patil to impress upon the union government to keep cooperative sector out of the purview of Direct Tax Code (DTC). In a letter to the President, the copies of which were released to the media here on Monday, Gowda has said that such a step was necessary in the interest of rural agriculturists who are the life-line of the country’s economy. He also urged the President to direct the union government to review the intended Direct Tax Bill 2010 to be imposed against the cooperative societies. Cooperatives operating in vilage and semi-urban areas provide yeoman service to the poor agriculturists by making available credit facilities, the CM said.