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Direct Tax »
 Advance tax calculation: Firms may have to furnish Apr-Sept income estimates
 Companies may have to furnish Apr-Sept income estimates to I-T dept
 CBDT working on a draft rule that makes it compulsory for companies to provide income estimates by Nov 15
 Companies, HNIs may soon have to specify reason for paying less advance tax than previous year
 TDS Applicability On Government Contracts Under Gst (Under Section 51 Of The Cgst Act, 2017)
 CBEC tells field officers to take GST disputes to Supreme Court
 Jurisdiction-free income-tax assessment on the cards
 CBDT asks I-T department to take urgent steps
 TDS on interest on deposits made under the Capital Gains Accounts Scheme, 1988 where the depositor has deceased
 Tax evaders set to face action: CBDT chairman Sushil Chandra
 Income-tax department calls big corporate entities to pay advance taxes

Direct Tax Bill getting ready
August, 30th 2010

The minister for revenue and civil expenditure, Dr B. Gopala Reddy, announced today that government intended to introduce during the November session of Parliament a comprehensive Bill embodying their decision of the major recommendations of the Tyagi Committee on administration of direct taxes.

He said in the Rajya Sabha that drafting of the Bill was now under way in the law ministry to whom the decisions had been forwarded. If they want time beyond November then the Bill might have to be introduced in Budget session.

 
 
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