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Thursday, May 31, 2012

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Direct Tax

Decoding Direct Tax Code

With the government unveiling the new Direct Tax Code, we look at how the new tax provisions will af...

Cabinet may take up Direct Taxes Code Bill today

If introduced in the Monsoon Session, the DTC Bill will be referred to a Parliamentary Standing Comm...

Economy on strong wicket as direct tax mop-up rises 8.5%

Direct tax collections during the nine-month period ending December 2009 rose by 8.5 per cent reflec...

Draft direct tax code creates uncertainty for SEZs: EPCES

The draft direct tax code that would lead to the overhaul of the Income Tax Act, has created uncerta...

Indirect tax kitty may contract by Rs 22,000 cr this fiscal

The indirect tax collections may fall short of the target by around Rs 22,000 crore this year on acc...

Gems and Jewellery Fedn seeks changes in direct taxes code

Gems and Jewellery Federation (GJF), the national body of the jewellery trade, has urged the Governm...

`BPOs to be taxed under new government code`

Business Processing Outsourcing (BPO) centres in India would be subjected to taxation under the new ...

Stimulus fallout: Indirect tax mop-up declines 21.6%

Stimulus packages and eco slowdown have hit exchequer hard as indirect tax collections shrunk by ove...

States propose GST replace most indirect taxes

With barely over 4 months left for rollout of goods & services tax, states have proposed that new ta...

Bills on GST, direct tax code likely in winter session

Several important economic Bills that will pave way for introduction of Goods and Services Tax, Dire...

Direct tax kitty grows nearly 4% in Apr-Sept

Direct tax collections grew by 3.92 percent to Rs 1,73,447 crore for the first seven months of curre...

Direct tax mop-up gives hope to govt to meet Budget target

With direct tax collections crossing 1.50 lakh cr mark in the first half of the fiscal, the govt is ...

NBFCs oppose MAT provision in direct tax code

NBFCs have asked Finance Ministry to remove the current provision of the draft Direct Taxes Code on ...

Pranab to examine DTC proposals on taxing savings, MAT

Finance Minister Pranab Mukherjee on Friday promised to examine in detail seven critical proposals o...

Refunds slow down direct tax growth rate to 3.69% in H1FY10

The government`s direct tax collections grew a mere 3.69 per cent in the first half of the fiscal to...

Direct tax kitty grows 3.69% to Rs 1.52 crore in H1 FY10

The Centre has collected 3.10 per cent more in direct taxes in September at Rs 64,737 compared to th...

New direct tax code: Commerce Ministry bats for SEZs

Commerce ministry has written to Finance Ministry to retain all the fiscal incentives for the Specia...

Mukherjee to discuss direct tax code with biz chambers

Finance Minister Pranab Mukherjee will meet leading industry chambers here on October 9 to discuss i...

Taxmen feel that DTC may lead to loss of Rs 55,000-crore

Critical of the proposed Direct Tax Code (DTC), senior Income Tax officials feared that it may resul...

Pranab seeks to allay concerns over Direct Taxes Code

Finance Minister Pranab Mukherjee on Saturday said changes in MAT is necessary considering big reven...

Drought not drying up indirect tax collection: FM

The government on Tuesday said there would be no slippage in indirect tax collection on account of ...

Direct tax mop-up grows meagre 4% during April-Aug

Direct tax collections by the government for the first five months of the current fiscal grew to R...

Direct Taxes Code Bill likely in Winter Session: Finmin

The Direct Taxes Code Bill, which will replace the I-T Act 1961, is likely to be introduced during W...

Govt moots new tax law; 10% tax upto Rs 10 lakh

FM Pranab Mukherjee released the draft of the `Direct Taxes Code`on Wednesday.

Govt revises direct tax collection target for 2009-10

The Finance Minister Tuesday revised the direct tax collection target for the current fiscal to Rs 4...

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