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
Direct Tax »
 Three reasons to file income tax returns on time
  New direct tax code may have to wait until 2019
 Direct tax collection grows fastest in 7 years in FY18, courtesy GST; here’s how indirect tax reform helps
 Income Tax: Deadline for filing belated ITR of Assessment Year 17-18 is over
 Income Tax department cautions TDS deductors, says file statements by May 31 or pay penalty
 ITR-4 launched on e-filing portal; total 3 ITRs available now
 CBDT directs income tax department to hold grievance redressal fortnight for taxpayers in June
 Income tax return form-2 in Java format released for e-filing for FY2017-18
 3 ITRs available now ITR-4 launched on e-filing portal
 Businesses, small taxpayers to gain from new direct tax code
 New direct tax code to benefit corporates, income tax payers

Direct Tax Code draft soon: Govt
July, 30th 2009

The government would come up with a Direct Tax Code draft for simplification of tax regime next month, finance minister Pranab Mukherjee told the Rajya Sabha on Wednesday.

"I promised (to come out with direct tax code) within 45 days ... I would like to adhere to the deadline and preferably prepone it a little bit, so that informed discussion takes place," he said, while replying to a query on the Finance Bill in the Upper House.

While presenting the budget for 2009-10 on July 6, Mukherjee had said his ministry would release the Tax Code within 45 days (by August 20).

"It is necessary that we must have simplified tax laws", the minister said, adding he would take inputs from all the stake holders to make tax laws user-friendly.

The code will replace the existing Income Tax Act, 1961, besides subsume the other direct tax legislations.

The decision to scrap the existing direct tax laws, he said, was taken by Prime Minister Manmohan Singh and former finance minister P Chidambaram had done lot of work on the proposed code.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Vision

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