Latest News on Income Tax Laws
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Income Tax Laws - Total results - 5
Feb 27, 2019
Panel to overhaul direct tax law seeks three months’ extension; likely to submit report before final BudgetThe task force was assigned to draft direct tax laws in line with the norms prevalent in other countries, incorporating international best practices, and keeping in mind the economic needs of the country.
Jan 30, 2019
Budget 2019: Will govt take populist route and make announcements to include petroleum products under GST ambit?While petroleum products are constitutionally included under the GST, the date on which the GST shall be levied on such goods shall be decided by the GST Council.
Nov 26, 2018
Panel to overhaul, simplify direct tax laws to submit report by 28 February, names CBDT member Akhilesh Ranjan as headThe ministry had in November last year set up a 6 member task force to rewrite the over 50-year-old Income Tax laws.
Feb 01, 2017
Budget 2017: For the salaried, tax rationalisation remains a distant dreamNo major change has been provided leaving the salaried class empty handed at the end of the Budget.
Oct 27, 2015
Govt forms nine-member panel under former Delhi High Court judge to simplify income tax lawsFinance Minister Arun Jaitley said the main idea behind setting up the panel is to make the I-T Act more simpler.