Revenue dept officials brief FM on problem areas in tax code

Senior Revenue Department officials, including those retired, on Tuesday gave a presentation to the Finance Minister Pranab Mukherjee on the problem areas in the Draft Direct Taxes Code.

Labour Min opposes taxing PF withdrawals under new tax code

Labour Ministry Monday expressed its reservations on the Direct Tax Code`s proposal to tax all savings and provident fund schemes at the time of withdrawal.

Tax code proposals illustrative, open to discussions: FM

The government has identified seven critical areas of concerns, including taxation of retirement benefits, in the draft Direct Taxes Code and proposals are just "illustrative" Finance Minister Pranab Mukherjee has said.

Taxes Code to be implemented from fiscal 2011-12: Pranab

The govt plans to implement the Direct Taxes Code (DTC) from 2011-12 after addressing all concerns relating to controversial proposals.