Budget 2020: Finance Minister Nirmala Sitharaman must consider announcement of implementation of proposed Direct Tax Code
One of the major demands of corporates is that the government should replace the dividend distribution tax on dividends with the withholding tax (WHT) on dividends
IIP contracts by 1.1% in August: Indian economy is waiting for a Santa to cheer it with bags full of money
The August IIP numbers was the lowest in seven years showing negative growth of 1.1%
With consumer confidence at six-year low, government has few excuses left not to go in for a personal tax cut
Consumer confidence trend has been assessed through the current situation index (CSI) and the future expectations index (FEI)—both recorded a decline in September.
Task force on Direct Tax Code proposes 10% tax for income between Rs 5 lakh and Rs 10 lakh, 20% till Rs 20 lakh
The task force has recommended 30 percent tax rate for income bracket of Rs 20 lakh - Rs 2 crore and 35 percent for the income of Rs 2 crore and above per annum
Firstpost Editor's Picks: P Chidambaram's arrest, Sacred Games 2, Direct Tax Code; today's must-read stories
When he isn't being interrogated by sleuths at CBI headquarters, P Chidambaram — who has been remanded to the agency's custody till 26 August — will have plenty of time to mull the various ironies confronting him in his present situation.
Direct Tax Code: Government proposes to overhaul taxation system; here is how new rules will affect you
Direct Tax Code appears to be a simpler version as compared to the existing income tax law, which is a welcome measure
A government-appointed task force headed by CBDT member Akhilesh Ranjan on Monday submitted its report on the new Direct Tax Code, which seeks to replace the existing Income Tax Act
Budget 2019 has delivered quick fixes; govt seems to have made attempt to address several policy gaps
The maiden Budget speech of Finance Minister Nirmala Sitharaman, perhaps the longest in recent years, witnessed a flurry of policy announcements, both for rural and urban India.
Union Budget 2019-20: Industry and investors seek clarity on growth trajectory; govt needs to step up investment in manufacturing sector
Union Budget 2019 is expected to give the necessary thrust to business sentiments by being the perfect curtain raiser for potentially encouraging times to come
Union Budget 2019: Economists seek tax reforms, measures for jobs, investments in meeting with Nirmala Sitharaman
Further simplification of GST, implementation of the direct tax code, initiating job-oriented growth measures and maintaining fiscal prudence were some of the key suggestions made by economists for the ensuing Budget to Finance Minister Nirmala Sitharaman on Friday
Why central pay commission should revise salary scales every year, remove clutch of allowances for efficient pay system
Having even 100 such allowances takes up a lot of administrative time as very often these allowances are provided on provision of sufficient proof of the same
A simple and straightforward direct tax code with minimum exemptions (if any, at all) would go a long way to ending disputes and reducing revenue loss. Will Jaitley make a start on this in the coming year?
Assocham has sought “immediate” reduction in the corporate tax to 25 percent to attract more investment in the country
The income tax proposals, made by an independent think-tank, Arthakranti, initially received a warm reception from several senior party members involved in hammering out economic policy.
The grim economic scenario is likely to ring in a taxing time for the super rich as the government is planning to introduce new tax slab of 35 percent on Rs 10 crore or more earnings.<br /><br />
Finance Minister P Chidambaram said on Friday he would introduce a bill for a direct tax code (DTC) during the monsoon session of parliament.
Patel said that the second stage of reforms would require introduction of Direct Tax Code, Pension Bill and amendment to Insurance Act and Companies Act.
Finance Minister P Chidamabram has said he will have to take a fresh look at the Bill that was introduced by his successor Pranab Mukherjee.
A Parliamentary panel scrutinising the DTC Bill has suggested raising the income tax exemption limit to Rs 3 lakh.