New Delhi: The Income Tax Department is to introduce a host of services related to processing of tax returns and refunds in the current fiscal. The present Income Tax Act is proposed to be replaced by the Direct Taxes Code (DTC) next year. "This year, a number of taxpayer programmes of the department can be initiated and completed," CBDT Member (Revenue) Durgesh Shankar told PTI. This fiscal, the Department is planning to set up an independent Tax Deducted at Source (TDS) directorate while fast processing of tax returns and technological upgrade of tax refunds are the other core issues, according to Shankar. The revenue accrued from TDS has been constantly growing over the years and with the increase in the number of service organisations across the country, the share from under this category of taxes is bound to grow, he said. According to estimates, the TDS revenue contributes almost 40 percent to the direct taxes kitty. Programmes like the Refund Banker scheme, presently on in 15 cities of the country, will also be extended to other locations this fiscal. The DTC, aimed at simplifying the tax structure, is proposed to be introduced in April next year and will ultimately replace the Income Tax Act, 1961, bringing all other direct taxes, including wealth tax, under its purview.