Direct Tax Code

Jun 21, 2015 at 11:47 | Source: PTI
Seeking to send a stern message to chronic evaders, the Income Tax department plans to take stringent action against them to ensure that they are prosecuted.
Jun 18, 2015 at 08:56 | Source: CNBC-TV18
Finance Minister Arun Jaitley says India has the potential to achieve higher than 7-7.5% growth rate.
Jun 17, 2015 at 17:08 | Source: Moneycontrol.com
Indian Government has finally heeded the clarion call of the taxpayers who were besieged by transfer pricing adjustments.That said, while an earnest beginning has been made, it would bring the matter to a perfect close if the apparent deficiencies in the draft rules were to be addressed
Jun 16, 2015 at 18:12 | Source: CNBC-TV18
Central Board of Direct Taxes will be awaiting the AP Shah Panel Report recommendations before taking further action on MAT on FPIs. Meanwhile, treaty benefit will be available to FPIs where applicable.
Jun 15, 2015 at 18:48 | Source: PTI
"The officers should emphasise how a rupee gained or collected by way of taxes is utlilised towards development of the country leading to nation building. The officers should discuss the importance of taxation and menace of black money or the parallel economy," the latest directive to the I-T officials said.
May 26, 2015 at 22:06 | Source: PTI
The Income Tax Department should adopt a responsive taxpayer-centric regime and focus on dealing with the menace of both domestic as well as overseas black money, Revenue Secretary Shaktikanta Das has said.
May 25, 2015 at 12:39 | Source: PTI
For the current financial year, the Arun Jaitley said, direct tax collection was likely to improve by 14-15 percent and there was possibility of government improving upon the fiscal deficit target of 3.9 percent.
May 19, 2015 at 11:46 | Source: Reuters
The Finance Ministry could have sidestepped a damaging multibillion-dollar tax row with foreign investors if it had acted on regular warning letters that officials had been sending since as long ago as September.
May 14, 2015 at 21:49 | Source: PTI
Jaitley, who got a slew of reform measures approved in the just-concluded Budget session of Parliament, said the focus of the Narendra Modi-led government in the second year would be increasing spending on rural infrastructure, including irrigation and social sector schemes.
May 11, 2015 at 18:42 | Source: CNBC-TV18
The Central Board of Direct Taxes or CBDT has issued a circular cautioning its field officers not to raise fresh MAT notices or chase up aggressively on demand notices already issued.
Messages on Direct Tax Code »

R Jagannathan

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Budget  

inheritance tax exemption limit will also be indexed to inflation. We will observe the performance of this tax and make course corrections as we go along. All these changes will be reflected in the new Direct Taxes Code being announced separately later this month, which will be effective from 1 April 2014

11.22 AM Jul 8th 2014

R Jagannathan

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Politics  

promise real changes in the direct taxes code and much higher exemption limits in his next budget - due on 28 February 2015. That`s not too far away - just over seven months from now. How about it, Mr J? The UPA`s heart bled for the NREGA earner. Good thing, too. Your heart must bleed for the salary

12.31 PM Jul 3rd 2014

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Tax Planning & Help  

Source:Calcutta Telegraph News - Calcutta, Jan. 11: Parthasarathi Shome, adviser to Union finance minister P. Chidambaram, today said the current delay in implementation of the two big tax reforms of the country — direct tax code (DTC) and goods and services tax (GST) — is on account of political

2.38 PM Jan 13th 2014

R Jagannathan

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Politics  

. In fact, it is simply too easy to take the easy, populist decisions that can be paid for by somebody else, or some time in the future. Thus we are unable to implement a goods and services tax (GST) even though it is manifestly a good thing for the economy; we are unable to legislate a direct taxes code

4.59 PM Jan 1st 2014

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Fast Track  

Source:Calcutta Telegraph News - New Delhi, Nov. 20: The government is finalising the amendments to the Direct Taxes Code (DTC) that could be taken up in the winter session of Parliament. Revenue secretary Sumit Bose today said the finance ministry was still working on “finalising the bill

12.11 PM Nov 21st 2013

mmkann

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News Now  

Direct tax code should consider the Salaried Employees separately Since they are not having any other options to escape from the tax burden as like other business man. Business man can make false claiming of many expenses to reduce the profit and tax thereon which will not come to the limelight

11.45 AM Nov 21st 2013

ramooji

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56 Followers

News Now  

The MoF could work on the Direct tax code bill in a way that the slabs and rates as proposed by the Standing Committee could be considered for the first three slabs and the fourth slab as contemplated by the MoF i.e., a tax at 35% on incomes of rs10cr and above. This would have provided some

6.37 PM Nov 20th 2013

vk1939

Platinum Member

174 Followers

Castrol  

now and we can not ignore that fact. Of course TIME alone can give a right answer. That is the most important to look at and if we look at direct cash transfers, direct tax code, GST possibly getting implemented in the next 12 months, FDI which has been opened up in various spaces, new banking

8.21 PM Oct 17th 2013

vk1939

Platinum Member

174 Followers

Tata Motors (D)  

at and if I look at direct cash transfers, direct tax code, GST possibly getting implemented in the next 12 months, FDI which has been opened up in various spaces, new banking licences, a lot of these measures would have been unconceivable a year back and that is actually in play and at various stages

8.03 PM Oct 17th 2013

Other Market Topics  

is greater than 2 lakhs annually, and assessee is obligated to file). The Direct Tax Code that putatively seeks to place an upward limit of Rs 1 crore on share dividend incomes (which have in any case been taxed at source at 15.5%) has so far, not been considered. In fact, on the subject of tax-free issues

1.59 PM Aug 28th 2013

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