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FM says eco challenging; India Inc presses for tax sops

Last Updated: Friday, June 06, 2014, 23:17

Finance Minister Arun Jaitley today described the economic situation as challenging even as India Inc pressed for tax concessions and bold reforms to reignite the investment cycle and promote growth.

Mayaram calls meeting to discuss progress on DTC, GST

Last Updated: Wednesday, May 21, 2014, 18:41

Finance Secretary Arvind Mayaram has called a meeting on Wednesday of revenue department officials to assess the progress on the proposed Direct Taxes Code and the Goods and Services Tax.

DTC draft retains exemption limit; proposes 35% super-rich tax

Last Updated: Tuesday, April 01, 2014, 21:34

The fresh draft of the DTC Bill, posted on the website of the Finance Ministry on Tuesday, has lowered the age for tax exemption for senior citizens to 60 years from 65 years.

No resolution to Vodafone tax dispute; DTC, GST still in limbo

Last Updated: Thursday, December 26, 2013, 14:21

Besides Vodafone, several other major MNCs like Nokia and Shell too were locked in tax dispute with the revenue department.

FM meets Sushma, Jaitley on Insurance, DTC Bills

Last Updated: Thursday, December 05, 2013, 18:21

Keen to get key reforms bills passed, Finance Minister P Chidambaram has reached out to opposition BJP to get Parliament approval for the long-awaited Insurance Bill and Direct Taxes Code Bill in the Winter session that began Thursday.

Cabinet likely to consider DTC Bill today

Last Updated: Thursday, August 22, 2013, 09:00

The exemption limit at Rs 2 lakh for individual tax payers is unlikely to be touched, but a new slab of 35 percent may be introduced for the super-rich.

Cabinet likely to consider DTC Bill Thursday

Last Updated: Wednesday, August 21, 2013, 20:50

The Cabinet is likely to consider Thursday the Direct Taxes Code (DTC) Bill, which seeks to overhaul the over 50-year old income-tax law, with minor rejigs in the draft, including in the income-tax slabs.

GST, DTC will spur growth: Rana Kapoor

Last Updated: Friday, July 26, 2013, 17:37

Early introduction of Goods and Services Tax and Direct Taxes Code will help revive the sagging economic growth which declined to a decade low of 5 per cent last fiscal, newly elected Assocham President Rana Kapoor said.

FM asks tax officials to focus on big clients, non-filers

Last Updated: Wednesday, July 17, 2013, 13:16

The Minister said he had impressed upon the tax officials "that revenue mobilisation is the most important task of the department and they should achieve this (tax collection) target".

DTC bill to be introduced in monsoon session: Chidambaram

Last Updated: Tuesday, July 16, 2013, 14:10

The Direct Taxes Code (DTC) bill was introduced in Lok Sabha in 2010 and Standing Committee on Finance has given a report after its scrutiny.

Changes in DTC bill to be tabled in Monsoon Session: FM

Last Updated: Thursday, June 06, 2013, 22:46

The government will introduce changes to the Direct Taxes Code (DTC) bill that would integrate its various versions, in the forthcoming Monsoon Session, Finance Minister P Chidambaram said here Thursday.

FM regrets not being able to get legislations passed

Last Updated: Wednesday, May 29, 2013, 20:59

"There are very significant differences but on essentials of building an open and liberal economy, I believe there is no great difference between two major political parties in India," Chidambaram said.