Latest Expert Exchange Queries
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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: due date for vat payment :: cpt :: form 3cd :: VAT RATES :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: empanelment :: ACCOUNTING STANDARDS :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
« Direct Tax »
 CBDT prods officials to meet tax collection targets
 Budget 2017: Direct tax reforms to be gradual than radical, says KPMG
  FM Arun Jaitley may drop tough tax accounting rules
 FM Arun Jaitley may drop tough tax accounting rules
 How to view your TDS through form 26AS?
 Deduction of tax at source Income-tax deduction from salaries under section 192 of the Income-tax Act, 1961
 Banks must furnish information on accounts that have seen deposits over 2.5 lakh: CBDT
 Govt expects direct and indirect tax targets to exceed budget estimates this fiscal
 Tax recovery from Swedish majors in payment dispute put on hold
 CBDT signs three more advance pricing pacts
 Central Board of Direct Taxes signs three more ‘Advance Pricing Agreements’, reaches 120 in total

Direct Taxes Code 2
May, 31st 2010

Why is the government constrained to bring the second draft of the Direct Taxes Code?

Nand Kishore Tripati, Allahabad

Because the first one introduced a year ago while pleasing the middle class left the corporates unhappy, especially with a reduction in tax rate that did not go the whole hog to compensate for the withdrawal of tax incentives.

And to rub salt to injury, the DTC also seeks to impose a mindless minimum tax based on the size of assets of a company that has no direct correlation with profits except tangentially when one takes assets turnover norms as sacrosanct.

Even the middle class wasn't entirely happy what with the proposed EET regime for retiral benefits threatening to eat away savings during the twilight years of one's career when they are most needed, untruncated. In short, the government has shown remarkable receptivity and sensitivity to practical and real problems in agreeing to bring a second draft instead of shoving down an unpleasant law down the throats of its citizens. It should be welcomed and not taken as pusillanimity on its part.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Outsourcing Test Solutions Software Testing Software Bug Testing Software Issues Tracking Software Issue Fix Software Code Optimization Database Design Optimization

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