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Direct Tax Code

Mar 31, 2015 at 18:13 | Source: PTI
Keeping in view of the sluggish rise in collection, the government had revised downwards its target at Rs 7,05,000 crore for the current fiscal, after initially having budgeted Rs 7,36,000 crore in the direct tax mop-up.
Mar 31, 2015 at 11:21 | Source: PTI
The Income Tax department took to the strategy of 'naming and shaming' of some large tax defaulters as it published names of 18 entities who owe over Rs 500 crore tax to the exchequer.
Mar 30, 2015 at 10:51 | Source: CNBC-TV18
According to sources in the Central Board of Direct Taxes (CBDT), tax matters are not covered under UK-India bilateral Investment treaty (BIT).
Mar 29, 2015 at 20:00 | Source: PTI
Worried over the shortfall in the overall direct tax collection kitty, the government has asked banks, both public and private, to not delay remitting of TDS funds of the current month into state coffers and do the same within the current financial year ending in March.
Mar 26, 2015 at 20:52 | Source: PTI
In a bid to force them into paying their dues, the Central Board of Direct Taxes (CBDT) posted on its website the names of 18 defaulters, of whom 11 are based in Gujarat.
Mar 26, 2015 at 08:15 | Source: PTI
The companies include Blue Information Technology having a tax arrear of Rs 75.11 crore, Appletech Solutions (Rs 27.07 crore), Jupiter Business Ltd (Rs 21.31 crore) and Hirak Biotech (Rs 18.54 crore), according to the list released by the Central Board of Direct Taxation. All these firms are based in Ahmedabad.
Mar 24, 2015 at 20:55 | Source: PTI
On March 3 in Parliament, Modi has indicated that the Tamil Nadu-based Nokia plant, which shut down a few months ago, is likely to start functioning again.
Mar 17, 2015 at 21:51 | Source: PTI
"A proposal for signing an Inter-Governmental Agreement (IGA) with United States of America which will result in Indian financial institutions being complaint with the provisions of FATCA is under consideration," Sinha said in a written reply to a question in the Rajya Sabha.
Mar 17, 2015 at 17:13 | Source: PTI
Finance Minister Arun Jaitley also rejected the charge that the government is pro-rich as it had proposed reduction of corporate tax from 30 percent to 25 percent and sought to take the battle to the Congress camp, saying he had borrowed the idea from Direct Taxes Code prepared by UPA's Finance Minister P Chidambaram.
Mar 11, 2015 at 21:37 | Source: PTI
In Budget 2015-16, Finance Minister Arun Jaitley had rationalised capital gain tax regime for the sponsors of newly-created business structure REITs. The rental income arising from real estate assets directly held by the REIT was also proposed to be allowed to pass through and to be taxed in the hands of the REIT unit holders.
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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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

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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

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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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