Direct Tax Code

Apr 29, 2016 at 18:20 | Source: PTI
Corporate tax collections haverisen nearly 12-fold in last 15 years and personal income tax9 fold but share of direct taxes in the economy has fallen toalmost a decade low of 5.47 per cent, according to direct taxdata published by the government today.
Apr 26, 2016 at 20:42 | Source: PTI
The Income Tax department will now add interest amount to a delayed refund made on excess TDS deductions and will also not litigate with the deductor on this issue in the future, a latest directive has said.
Apr 25, 2016 at 14:28 | Source: PTI
According to the global financial services firm, the second half will be equally important as focus returns to the the crucial bankruptcy code and the Goods and Services Tax Bill.
Apr 21, 2016 at 14:58 | Source: PTI
According to the global financial services firm, the increased presence of smaller parties could also help push through other pieces of legislation like the Bankruptcy Code and the RBI Amendment Bill (which formalises inflation targeting).
Apr 18, 2016 at 18:56 | Source: PTI
The Central Board of Direct Taxes (CBDT) in its draft FTC rules said tax credit will be available to entities paying taxes in any country, including those with which India has Double Taxation Avoidance Agreement (DTAA).
Apr 13, 2016 at 21:32 | Source: PTI
With a number of foreignjurisdictions taking exception to the term "tax haven" beingused for them, CBDT has directed that the expression beomitted in treaty communications sent by India elicitinginformation in black money probe cases.
Apr 07, 2016 at 21:22 | Source: PTI
The Multi Agency Group (MAG) set up to probe the 'Panama Papers' today held its first meeting here and chalked out an action plan including approaching tax haven Panama, global economic bodies and the journalist consortium that did the expose for obtaining documents.
Apr 04, 2016 at 15:16 | Source: PTI
As per a Finance Ministry release, the Department issued refunds over Rs 1,17,000 crore in 2015-16 and the figure is likely to further increase as banks reconcile the accounts.
Apr 04, 2016 at 09:39 | Source: CNBC-TV18
Speaking to CNBC-TV18, Manoj Mishra, CMD of NFL said that production capacity beyond 100 percent will now also be viable due to lower gas prices.
Mar 26, 2016 at 12:52 | Source: PTI
Finance Ministry is likely to notify by first week of April new income tax return forms forAssessment Year 2016-17 which will more or less be similar tothe one that was filed by assessees last year.
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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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