Direct Tax code bill

New Tax Slabs Soon: 10% For Income B/W Rs 5 Lakh & Rs 10 Lakh A high-level tax force set up by the government submitted a report to the Finance Ministry on new Direct Tax Code, earlier this month. This report brings in radical…

Its Official – If you are salaried and earn less than Rs. 5 Lakh a year – There is no need for you to file income tax returns for assessment year ending 2012. What his means that salaried persons will not have to file returns for earnings…

Finally, India is warming up to broadest tax reforms in the form of Direct Tax Code (DTC) and Goods and Services Tax (GST)  . The former is centered around expectations to minimize tax exemptions, but widen tax slab on personal…

The much-awaited revised discussion paper on the Direct Tax Code (DTC) is set in the public domain by the Manmohan Singh government. The earlier discussion paper on the Direct Tax Code Bill was released in August 2009 to receive public…

Finance Minister Pranab Mukherjee presented his career’s fourth budget and second straight budget for the UPA government this afternoon in the Parliament with a clear signal that India has notched a respectable growth coming out of…

Congress Party seems to have played a masterstroke here. After not so impressive budget, they have announced something that will make the common man scream with Joy. In fact the Government has unveiled the draft of a brand new direct tax…