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Direct Tax Code

Mar 03, 2015 at 21:29 | Source: PTI
The Minimum Alternative Tax was originally brought into play to bring into the tax net large domestic corporate who did not pay taxes by making use of various incentive schemes.
Mar 02, 2015 at 10:03 | Source: Firstpost.com
Chidambaram is largely on the wrong track, for what he has chosen not to hear is crucial. The cut in corporate taxes is supposed to be matched by reductions in direct tax rebates and exemptions to companies.
Feb 28, 2015 at 17:10 | Source: Moneycontrol.com
The budget gives 'long term' direction by way of reducing Corporate Tax from 30% to 25% which is definitely welcome.
Feb 28, 2015 at 16:24 | Source: PTI
"In my direct tax proposals, I have proposed 100% deduction for contributions, other than by way of CSR contributions, to the Swachh Bharat Kosh," Finance Minister Arun Jaitley said in Budget 2015-16.
Feb 28, 2015 at 00:00 | Source: SME Mentor
Clarity on GAAR deferment for two years and no retrospective applicability, comprehensive bankruptcy code, abolishing wealth tax act, merger of FMC with SEBI, rationalization of corporate tax from 30% to 25% coupled with review of deductions, etc. supports "make in India" Campaign.
Feb 26, 2015 at 11:22 | Source: Moneycontrol.com
Current definition of tax on surplus was relevant when there were no private players. This needs to be reviewed, as was proposed in the draft Direct Tax Code
Feb 25, 2015 at 14:30 | Source: Moneycontrol.com
The Budget must exclude standard payments, such as, routine telecommunication / connectivity charges, payments for shrink wrapped software, etc, from definition of royalty in line with conventional and acceptable international standards to reduce unwarranted tax disputes, says BMR
Feb 25, 2015 at 14:09 | Source: Moneycontrol.com
The government must synchronise various central and state laws such as, stamp duty laws, local body licenses, and ensuring minimum lead time for implementation of policy decisions at Centre and State levels
Feb 25, 2015 at 13:45 | Source: Moneycontrol.com
The Budget should reinstate tax holiday under section 80-IB(9) for mineral oil including natural gas, says BMR. Alternatively, it should extend investment linked incentive for E&P activities to incentivise capital-intensive industries.
Feb 25, 2015 at 13:29 | Source: Moneycontrol.com
There are certain long pending demands of the industry on the tax front, which if accepted would give a boost to the industry.
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

Platinum Member

1215 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

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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

167 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

167 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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