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Saturday, Jan 25, 2020

Tax code

The finance ministry has been working on simplifying archaic income-tax laws and rationalising tax rates in line with recommendations of the task force on the Direct Tax Code (DTC), which submitted its report on August 19, 2019, they added.
Budget may reform GST filing process
Jan 25, 2020 01:17
The finance ministry has been working on simplifying archaic income-tax laws and rationalising tax rates in line with recommendations of the task force on the Direct Tax Code (DTC), which submitted its report on August 19, 2019, they added. read more
The move comes after the government slashed corporate tax rates to boost investment and sentiment, and make Indian industry more competitive — a decision well received across the spectrum.
Govt plans rejig in personal tax slabs to boost spending
Oct 01, 2019 03:34
The move comes after the government slashed corporate tax rates to boost investment and sentiment, and make Indian industry more competitive — a decision well received across the spectrum. read more
Watch: How new tax proposals will bring cheer to the middle class
Aug 29, 2019 19:22
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The task force on the Direct Tax Code was constituted in November 2017 to review the existing income-tax legislation and to draft a new direct tax law in accordance with economic needs of the country. The report was submitted to Finance Minister Nirmala...
Decoded: Proposed tax slabs and their implications on your income
Aug 29, 2019 13:47
The task force on the Direct Tax Code was constituted in November 2017 to review the existing income-tax legislation and to draft a new direct tax law in accordance with economic needs of the country. The report was submitted to Finance Minister Nirmala... read more
To be sure, this is still just a suggestion and it is not clear whether the government, which is very focused on increasing its tax revenue, will accept it.
Major relief likely for taxpayers between Rs 5 lakh and Rs 10 lakh as panel proposes new slabs
Aug 29, 2019 05:25
To be sure, this is still just a suggestion and it is not clear whether the government, which is very focused on increasing its tax revenue, will accept it. read more
Experts said that if this happens, it will reduce the volume of tax litigations significantly, and also help taxpayers spend their time and effort on more productive matters, but added a caveat that its success will depend on the actual details of the...
Government plans one-time amnesty scheme for old income tax cases
Jul 16, 2019 06:55
Experts said that if this happens, it will reduce the volume of tax litigations significantly, and also help taxpayers spend their time and effort on more productive matters, but added a caveat that its success will depend on the actual details of the... read more
A parliamentary panel wants the government to finalise the long-pending Direct Tax Code “at the earliest” to simplify and rationalise tax laws further.
Parliamentary panel on finance for tax law simplification
Mar 09, 2019 07:32
A parliamentary panel wants the government to finalise the long-pending Direct Tax Code “at the earliest” to simplify and rationalise tax laws further. read more
The proposed code, the draft of which will be ready by July, will take forward the unfinished agenda of lowering corporate tax rate to 25% for all businesses.
Businesses, small taxpayers to gain from new direct tax code
May 14, 2018 10:22
The proposed code, the draft of which will be ready by July, will take forward the unfinished agenda of lowering corporate tax rate to 25% for all businesses. read more

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