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Direct Tax Code

Jan 23, 2015 at 15:40 | Source: Moneycontrol.com
The April-December gross direct tax collection stood 12.93 percent higher at Rs 5.47 lakh crore versus Rs 4.84 lakh crore collected during the same period last year.
Jan 23, 2015 at 08:57 | Source: Moneycontrol.com
Direct Taxes are the taxes that are levied on the income of individuals or organisations
Jan 14, 2015 at 11:41 | Source: Moneycontrol.com
Association of mutual funds of India has directed mutual funds to discontinue the reinvestment option offered under equity linked saving schemes.
Jan 10, 2015 at 10:55 | Source: PTI
To ensure consistency as well as clarity on taxation issues, the Finance Ministry has proposed new tax accounting standards related to income computation and disclosures by businesses.
Jan 07, 2015 at 18:45 | Source: CNBC-TV18
Starting April 2016, listed companies with a net worth of more than Rs 500 crore will have to prepare two sets of accounts. One will be for the purposes of accounting and the other will be for the purposes of tax computation.
Jan 01, 2015 at 10:48 | Source: CNBC-TV18
Sectors like defence, insurance, medical equipment and others have been opened up for more foreign direct investment (FDI), land acquisition rules have been eased through an ordinance, the first steps have been taken to allow commercial mining of coal and finally there is some forward movement on the goods and services tax.
Dec 09, 2014 at 20:21 | Source: CNBC-TV18
The Bombay High Court had in February directed the tribunal to hear both parties expeditiously and pass a ruling at the earliest.
Nov 27, 2014 at 22:20 | Source: CNBC-TV18
Nitin Gadkari hopes to get Cabinet nod for changes to the Motor Vehicle Act soon, which he adds would be based on the US and UK norms. He hopes to move amendments to the Act in this session.
Nov 23, 2014 at 14:43 | Source: Moneycontrol.com
Equity and Debt Mutual Funds surge on Friday as the Sensex and Nifty were fired up by a bank-led rally, and ended the week at record levels once again.
Nov 05, 2014 at 15:56 | Source: PTI
Kapur, a 1978-batch officer of the Income Tax cadre, was till now serving as Member (Legislation and Computerisation and Income Tax) in the CBDT.
Messages on Direct Tax Code »

R Jagannathan

Platinum Member

1171 Followers

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

Platinum Member

1171 Followers

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

Web Messenger

Platinum Member

264778 Followers

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

Platinum Member

1171 Followers

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

Web Messenger

Platinum Member

264778 Followers

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

New Member

0 Follower

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

Platinum Member

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

168 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

168 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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