New Delhi: Left parties have suggested that wealth tax be levied in the range of 1-5 per cent, instead of a flat 1 per cent at present. The suggestion figures in the dissent note, submitted along with the Standing Committee report on DTC by CPM Member of Parliament Moinul Hassan. The report also contains a dissent note by CPI MP Gurudas Dasgupta. Hassan has suggested that Wealth Tax should be...
12:07 AM, Mar 10, 2012
Chennai: Madras High Court on Monday discharged Tamil Nadu Chief Minister J Jayalalithaa from a case relating to filing of wealth tax returns for 1993-94. Justice PR Shivakumar allowed a revision petition filed by Jayalalithaa against the July 8, 2010, order of the Economic Offences Court-I, dismissing her plea seeking discharge from the case. The case was filed in 1997 on a complaint by the Assistant Commissioner of Wealth Tax,...09:53 PM, Jun 27, 2011
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 to replace the Income-tax Act of 1961 under which you currently pay tax. The fine print of the revised DTC...04:30 PM, Aug 30, 2010
UPA has doubled the threshold for calling a person or entity wealthy. ...03:47 PM, Jul 06, 2009
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