Direct Taxes Code

  • DTC bill will be introduced in monsoon session: Chidambaram 16-07-2013 04:49 PM

    Jaipur: Finance Minister P Chidambaram on Tuesday said official amendments to the DTC bill, which seeks to overhaul the over 50-year old income tax law, will be introduced towards the end of monsoon session of Parliament starting August 5. The Direct Taxes Code (DTC) bill was introduced in Lok Sabha...
  • DTC Bill in Monsoon session: Chidambaram 24-05-2013 08:38 PM

    Mumbai: The Direct Taxes Code (DTC) Bill, which aims to overhaul the over 50-year-old I-T Act, is almost ready and will be taken up in the Monsoon session of Parliament, Finance Minister P Chidambaram said on Friday. "I am just writing the Direct Taxes Code. We will introduce it in...
  • Direct tax code to come in force from April: FM 28-02-2011 11:42 AM

    New Delhi: Finance Minister Pranab Mukherjee on Monday said the Direct Taxes Code (DTC), which will replace the Income Tax Act, is proposed to be implemented from April 1, 2012. "... The code is proposed to be effective from April 1, 2012," Mukherjee said in his Budget speech 2011-12. In...
  • Last year's budget: promises UPA didn't keep 28-02-2011 10:21 AM

    R Jagannathan When finance minister Pranab Mukherjee reads out his budget speech shortly, he will promise many things. But, invariably, he will not deliver on some of them. He would also have got several things wrong. So, it is always good to take his forthcoming budget promises with a pinch...
  • CARE seeks changes in proposed new tax code 09-02-2011 12:39 PM

    New Delhi: Global agency CARE on Tuesday said the government should amend the draft provisions of the proposed Direct Taxes Code which will come into effect from April 1, next year to ensure balances of non-profit organisation (NPOs) are not treated as income. "...retained balances of specific-purpose grants received by...
  • New Direct Tax Code pushed by a year 30-08-2010 11:31 PM

    New Delhi: The Direct Tax Code (DTC) will now come into effect a year later. It will be effective from April 1, 2012. Finance Minister Pranab Mukherjee said: "The DTC has been laid on the table of the House. Thereafter, it will go to the appropriate committee. After that, it...
  • Do you expect to benefit personally from the new income-tax code?

    The Direct Tax Code bill, which likely to replace the Income-tax Act of 1961, was introduced in Parliament on Monday. It will be effective from...
  • How the Direct Tax Code will affect you 30-08-2010 04:30 PM

    By Suresh V Swamy – Executive Director and Amee Gala – Manager PricewaterhouseCoopers (PwC) Is today a taxing Monday? The Direct Tax Code (DTC) bill has been introduced in Parliament on Monday. If you wonder whether that concerns you, then yes, as effective from April 1, 2012, it is likely...
  • New tax code cleared, exemption slabs hiked 26-08-2010 08:10 PM

    New Delhi: Union Cabinet on Thursday cleared the new Direct Tax Code Bill that proposes to raise the basic exemption limit for individual tax payers from Rs 1.6 lakh to Rs 2 lakh. So there will be no tax on incomes below Rs 2 lakh. The exemption for senior citizens...
  • Low tax rate boosts economy: CBDT chief 19-06-2010 10:07 AM

    The Direct Taxes Code Bill is slated to be tabled in the forthcoming monsoon session of Parliament. ...