Direct Tax Code

Feb 10, 2016 at 18:10 | Source: PTI
"We are likely to exceed the collection in indirect tax by about Rs 40,000 crore in the current year. On the whole, we are very optimistic about achieving annual tax revenue target for the year," Revenue Secretary Hasmukh Adhia said.
Feb 10, 2016 at 12:48 | Source: PTI
After two successive years of revising downward the tax revenue target, fiscal 2015-16 which ends on March 31 is likely to see tax revenue target of Rs 14.49 lakh crore being met.
Feb 04, 2016 at 15:27 | Source: Moneycontrol.com
Under the direct tax regime, one-tenth of the expenditure on prospecting, extraction and production of mineral during 5 years ending with the first year of commercial production is allowed as a deduction from total income.
Feb 04, 2016 at 13:05 | Source: CNBC-TV18
The basic chemical business is seeing very good growth because it is directly related to Indias growth, said Ashish Soparkar, MD, Meghmani Organics, adding that the capacity utilisation for the segment is also at its optimum currently.
Feb 04, 2016 at 12:43 | Source: PTI
GST, which will subsume all indirect taxes such as excise duty, service tax and sales tax into one uniform rate, is stalled in the Rajya Sabha as the Congress is pressing for three changes.
Feb 01, 2016 at 20:22 | Source: PTI
The Directorate General of Human Resource Development (DGHRD) has been directed to "initiate the exercise of formulating a proposal" for administrative restructuring of the formations under CBEC in the "ensuing GST regime", the CBEC said in a communication to its top officials
Feb 01, 2016 at 17:34 | Source: PTI
With the signing of the bilateral APAs on January 29, the two Indian companies have been provided with tax certainty for 12 years each (5 years under Mutual Agreement Procedure and 7 years under APA).
Jan 22, 2016 at 23:44 | Source: CNBC-TV18
Tax=Simplified?
Jan 22, 2016 at 14:26 | Source: PTI
"At the same time there are a whole set of new businesses coming in that we have to find ways to deal with. For example, online lending. How do we do with what happens in a downturn?" Rajan said.
Jan 20, 2016 at 09:52 | Source: PTI
Yes Bank managing director and CEO Rana Kapoor, who was present at the India Investor Summit held at the London Stock Exchange (LSE) with Finance Minister Arun Jaitley, said that clearing lingering tax issues was also highlighted during the meet.
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

Platinum Member

183 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

183 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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