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Task force on Direct Tax Code proposes 10% tax for income between Rs 5 lakh and Rs 10 lakh, 20% till Rs 20 lakh
Fp Staff • 6 years agoThe 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
Fp Staff • 6 years agoWhen 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
Jairaj Purandare • 6 years agoDirect Tax Code appears to be a simpler version as compared to the existing income tax law, which is a welcome measure
Task force on Direct Tax Code submits report to Finance Minister Nirmala Sitharaman
• 6 years agoA 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
Sumit Singhania And Gaurav Barchha • 6 years agoThe 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
Naveen Aggarwal • 6 years agoUnion 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
• 6 years agoFurther 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
Madan • 8 years agoHaving 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
Union Budget 2017: Did Jaitley just prove his critics right on corporate tax exemptions?
Seetha • 8 years agoA 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?
Budget 2017: Govt may see more merit in cutting corporate tax, not personal tax
Sindhub • 8 years agoAssocham has sought “immediate” reduction in the corporate tax to 25 percent to attract more investment in the country