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 :: ACCOUNTING STANDARDS :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: TDS :: form 3cd :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: VAT Audit :: cpt
Direct Tax »
  CBDT signs 5 advance pricing pacts with Indian taxpayers
 Salaried taxpayers to get SMS alerts on TDS deductions
  CBDT issues second round of Certificates of Appreciation to tax payers for their contribution towards Nation building
 CBDT unveils norms for computing FMV of trust assets
 CBDT starts issuing second round of Certificates of Appreciation to tax payers
 Income Tax Department Launches SMS Alert Service on TDS Deductions
 Salaried taxpayers to get SMS alerts for TDS deductions
 Salaried tax payers to get SMS alerts on TDS deductions
 Mumbai zone direct tax collection flat in H1 FY17
 CBDT issues final rules for taxing share buy back by companies
 CBDT issues final rules for taxing share-buyback

Higher tax norm on redemption of debt MFs to be applicable from July 11
July, 25th 2014

In an effort to give relief to India Inc and large investors, the Finance Minister Arun Jaitley has said that higher tax norms on redemption in debt mutual fund will be applicable from July 11.

He was replying to debate on Finance Bill 2014 which was tabled along with Budget on July 10. He said that the rate of capital gain tax and period of short term were revised upwards. It was also said that new norms will come into effect from April 1. The industry termed this as retrospective and wanted review.

He also announced giving discretion to the Central Board of Direct Taxes (CBDT) in providing relief in penalty on late filing of income tax returns. However, he said that rate of penalty will be the same. Currently, late filers have to pay penalty at the rate of per day which in turn become too heavy in case return is filed a year after the due date.

The Minister also moved amendments related with expanding scope for settlement commission and norms for transfer pricing.

He also made it clear that this Government does not believe in high tax as such trends lower economic activities and in turn affect job creation. "People buy products and not taxes," he said.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Bath SEO Company Birmingham SEO Company Bradford SEO Company Brighton and Hove SEO Company Bristol SEO Company Cambridge SEO Company Canterbury SEO Company Carlisle SEO Company Chester SEO Company Chichester SEO Company Coventry SEO Compan

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