Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
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
Popular Search: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: Central Excise rule to resale the machines to a new company :: form 3cd :: VAT RATES :: empanelment :: VAT Audit :: TDS :: list of goods taxed at 4% :: due date for vat payment :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT
« News Headlines »
  10 incomes you need not pay any tax on
 How To File Income Tax Returns In Three Steps By March 31, 2018
 10 things about income tax every taxpayer should know
 What to do if your TDS is not deposited with the government
 What if you forget to verify your Income Tax return?
 TDS on rent and other tax tasks to complete before March 31
 5 income tax changes which will come into effect from April 1, 2018
 Why you shouldn't be a last-minute tax filer
 How to calculate income tax for this assessment year on Moneycontrol
 6 Tax notices you may get and how to cope with them Income Tax Notice
 Deadline to pay advance tax ends tomorrow: Here is a step-by-step guide

Corporate exemptions may be reviewed in Direct Tax Code
March, 26th 2007

Tax exemptions to India Inc may be trimmed in the proposed Direct Tax Code, official sources said. Review of tax exemptions to the corporate sector would be in tune with finance minister P Chidambarams focus on plugging revenue losses. The issue was also taken up in Budget 2007-08, certain excise exemptions were removed.

In 2006-07, the government is estimated to lose out on revenue worth Rs 50,075 crore due to incentives and deductions to corporate taxpayers.
A finance ministry official said, Reviewing exemption is an ongoing process and it is likely to be continued under the Direct Tax Code. Further, the ministry is also of the opinion that companies have only an effective tax rate of about 19% due to a number of exemptions, and reducing them would go a long way in boosting corporate income tax collections.

The Code contains various amendments to the current Income Tax Act. One of its key objectives is to simplify the Act.

It is likely to contain a number of provisions regarding restructuring of income tax slabs as well provisions regarding international taxation. It is likely to be presented in Parliament in the monsoon session or later during the year, sources said.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Publishing Management System PMS News Management System Publishing Management System Development Online News Management System for media company custom Publishing management system development Survey management system Market Res

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