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Direct Tax »
 Businesses need not deduct GST on advances received for goods supply: CBEC
 Redress taxpayers' grievances on priority: CBDT to I-T department
 No tax relief on EPF interest if not employed: ITAT
  CBDT signs 7 more unilateral APAs with taxpayers
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 Reach out to non-filers of GST returns: CBEC to fields offices
 CBDT may shelve plan to seek corporate tax estimates in advance
 IT expertise at banks' board level a must, says RBI ED
 Clarification on Indirect Transfer provisions in case of redemption of share or interest outside India under the Income-tax Act, 1961
 To avoid double-taxation CBDT says no tax at upstream foreign fund if local fund paid already
 CBDT extends due date for filing Income Tax Returns and Tax Audit Reports

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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