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: VAT Audit :: empanelment :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: TDS :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: cpt :: list of goods taxed at 4%
 
 
Direct Tax »
 CBDT signifies achievements towards eliminating domestic black money
 Seafarers get tax exemption from Ministry of Finance
 Financial institutions need to get accounts self-certified for FATCA by April 30
 Direct tax incentives to promote start-ups
 Employer didn't deposit the TDS it deducted on your salary. How to claim it?
 Central Board of Direct Taxes clarifies on cash curb, Aadhaar
 CBDT to issue PAN, TAN within a day to improve Ease of Doing Business
 Expats who stayed in India for 182 days or more must apply for Aadhaar card: CBDT
 CBDT accomplishes direct taxes collection target for FY 2016-17
  No relief to those who defaulted on 1st IDS installment: CBDT
 New Income Tax forms: What information is being asked for? All you want to know about the new rules

Direct Taxes Code may miss April 2013 deadline
August, 31st 2012

Finance Minister P. Chidambaram has indicated that it may be difficult for the government to meet the April 1, 2013 deadline for the implementation of the Direct Taxes Code (DTC).

Speaking to reporters after meeting the chief commissioners of excise, customs and service tax in the capital, the minister indicated that he was not sure whether the DTC would be implemented by April 2013 as "it needs a fresh look". On being asked further, he said: "It has undergone many reviews and I am just 28 days old in the finance ministry right now".

On being asked what the fate of the General Anti Avoidance Rules (GAAR) would be if the DTC gets pushed beyond 2013, he said: "The Shome panel is looking into it. Let's see after the report come in."

NDTV had first reported on July 30 that DTC may get further delayed, just a day before Mr. Chidambaram took over as the Finance Minister.

The first draft of the Direct Taxes Code Bill was prepared under the guidance of Mr. Chidambaram in 2008, but he then had to move to the Home Ministry after the Mumbai terror attacks. The DTC has undergone a substantial dilution since then.

In this year's Budget the government, however, announced the roll out of GAAR, despite postponing DTC to next April. GAAR, too, was postponed later by a year under strong opposition from foreign institutional investors.

Last month, the Prime Minister appointed an expert panel headed by Dr Parthasarathi Shome of ICRIER to suggest a fresh roadmap or the implementation of GAAR.

The expert panel is expected to submit its report by August 31.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Work Flow Workflow Software Software Automation Workflow automation Software Design Workflow Design Business Work Flow Workflow automation tools

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