Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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: list of goods taxed at 4% :: TDS :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: VAT Audit :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: ACCOUNTING STANDARDS :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
Direct Tax »
 How to pay tax on bitcoins profit?
 Tax liability on taxable income: Clarification from CBDT is a must
 Income Tax Returns (ITR) filing for salaried staff, others: Advance tax payment deadline nearing, pay or face penalty
 To avoid extra TDS, give tax-saving proofs
 TDS on Rent under section 194I of Income Tax Act
 New direct taxes code aims for lower rates, wider base
 Towards a new direct tax system
 Central Board of Direct Taxes (CBDT) signs two Indian Advance Pricing Agreements (APAs) in November, 2017
 CBDT asks I-T to slap higher tax rate on fraudulently revised ITRs
 CBDT to accept transfer pricing MAP sans riders
 CBDT relaxes norms for MAP & APAs

Final DTC to see tweaks in Wealth tax, I-T slabs: Sources
April, 26th 2013

The new or revised direct tax code bill being worked upon by the finance ministry currently will see key changes in wealth tax, I-T slabs and definition of non profit organization, sources from Central Bureau of Direct Taxes (CBDT) informed CNBC-TV18's Aakansha Sethi.

Sources said that the threshold for wealth tax, which is currently at Rs1 crore is likely to be increased to Rs 5 crore, in line with the standing committee recommendation. The revised DTC could have investment linked deductions as well.

Also read: Tax mop up growth target of 18% realistic: FinMin aide

While the income tax rates are likely to continue at 10 percent, 20 percent, and 30 percent, the government may think of easing income tax slabs to provide relief to middle class. In the 2013-14 Budget income tax slabs and rates both were kept unchanged. The government may also consider introducing a new tax slab of Rs 5 crore, similar to the super-rich tax.

Corporate tax rate is likely to remain at 30 percent. Securities transaction tax (STT) is unlikely to be abolished and minimum alternative tax (MAT) on gross assets is unlikely to be brought back. There could be change in the definition of non-profit organisations (NPOs) as well.

The finance minister P Chidambaram is keen to introduce revised DTC bill in the budget session of parliament, however finance ministry officials believe it would be challenging.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Article Management Solutions System Article Management Software S

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