sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
News Headlines »
 What is tax deducted at source (TDS)?
 Income Tax Return filing 2018: Here are some important tips for you
 Change in Examination Venue in Thane, Zone – II, May 2018 Examinations
 Here’s all you need to know New Income Tax return for salaried class available on IT portal
 What to do if you missed the (second) tax deadline
 Income-tax (5th Amendment) Rules, 2018 - Notification under section 9A (3) of the Income-tax Act, 1961 in respect of Fund Manager Regime
 Income Tax department warns salaried class again filing wrong ITRs
 ITR-1 form for AY 18-19 now available for e-filing
 New Income Tax Return Form for Salaried Class available in Portal
 Income Tax Return: ITR-1 ready for e-filing, says I-T department
 6 Tax changes you need to keep in mind while filing ITR for FY17-18 Income Tax Return efiling

Indian FM sets Tax regime for 50 years
November, 10th 2009

Indian Government pointed out that initiative will take place from their side regarding the new direct tax code only after consulting and surveying suggestions from taxpayers and the corporate sector to ensure that the new taxation regime lasts another 50 years.

Finance Minister Pranab Mukherjee stated, The government would make all efforts to meet the aspirations and expectations of taxpayers and the corporate sector before finalisation of the direct tax code.

Mr. Mukherjee mentioned in a statement The next steps in this direction would be taken only after a comprehensive review of the draft DTC by taking on board the suggestions received.

He also added We are trying to bring the new taxation regime, which can last for another 50 years. We want to see that new taxation system includes the basic features and time-tested procedures of the existing Act.

Indian Finance Minister also had a negotiation with Central Board of Direct Tax. He pointed out The outcome of the discussion would be used for modifying the proposals contained in the draft direct tax code,

The Government identified nine critical issues such as minimum alternative tax (MAT) based on gross assets, capital gains taxation in the case of non-residents, Income-Tax Act and the Double Taxation Avoidance Agreement, taxation of charitable organizations and salaried people which will be under review.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Outsourcing Company Offshore Software Outsourcing Software Outsourcing Company India Offshore Outsourcing Company India Software BPO Software Business Process Outsourcing Software Outsourcing India Offsho

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions