The government today proposed to retain corporate tax at 30 per cent, but without the surcharge and cess that increase the current levy to over 33 per cent.
The Government today tabled the much-awaited Direct Taxes Code bill (DTC) in the Lok Sabha which proposed to raise the exemption limit on income tax from the current Rs 1.
The revised draft of the direct tax code made public on Tuesday proposes substantial relief to individuals. Their long-term savings like provident fund life insurance proceeds
Critics may have slammed finance minister Pranab Mukerjee for pressing the roll back button on fiscal stimulus too early, but Vikram Kotak, chief investment officer of Birla Sun Life Insurance,
The government today exuded confidence of introducing major reforms on direct and indirect taxes front in the form of Goods and Services Tax (GST) and Direct Taxes Code (DTC) from
Wishlist include infrastructure industry status, tax concessions on housing loans in direct tax code and easing of FDI norms.
The government is open to making changes in the draft direct tax code Finance Minister Pranab Mukherjee said on Wednesday.
The draft code proposed various reform measures including
Business Processing Outsourcing centres in India would be subjected to taxation under the new proposed Direct Tax Code (DTC) but some clarifications, especially on double taxation, were still needed, an
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