Blog Posts - Direct Tax Code



Minimum Alternate Tax (MAT): Concept, Calculation and Credit u/s 115JB

What is MAT – Minimum Alternate Tax? MAT stands for Minimum Alternate Tax, described as a direct tax that has to be paid by the companies that are enjoying tax benefits or tax exemptions, instead of... [[ This is a content summary only. Visit www.
by Indian Tax Updates on Apr 15, 2013

Annual Income Tax Exemption to Rs. 3 lakhs

The government will come up with a modified Direct Taxes Code (DTC) Bill after incorporating the suggestions of the Standing Committee on Finance, which among things had suggested raising annual... [[ This is a content summary only. Visit www.indian...
by Indian Tax Updates on Feb 5, 2013

Indirect Taxes likely to hike in New Direct Tax Code

Parthasarathi Shome, key member of the Finance Minister’s budget team today hinted at a hike in indirect tax rates to 14% even as the Finance Ministry works on a new direct tax code. Aakansha... [[ This is a content summary only. Visit www.ind...
by Indian Tax Updates on Feb 2, 2013

Adi Godrej On Higher Taxes For the Rich

 “I am strongly opposed to this idea. There is no point comparing tax rates in India with that of France or other parts of Europe where there is no growth. Tax rates in India are higher as compared to other emerging economies. The Direct Tax...
by Wealthymatters on Jan 24, 2013

Budget Expectation- Maximum limit of tax saving may be increased

All are looking eagerly for the forthcoming budget -2011 which would be presented in the Parliament at the end of February, 2011. There is an expectation for the hike of tax saving investment limit in the coming budget. The Telegraph … Continue...
by Investment And Money Matters on Feb 7, 2011

Budget Expectation- An increase in income tax exemption limit

The PTI News reported that the government of India may consider increasing the no tax limit in the following Budget (Budget 2011-12) to get some relief from the high rate of inflation. This increasing tax exemption limit idea may be … Continue...
by Investment And Money Matters on Feb 3, 2011

Government may increase Income Tax exemption Limit in budget 2011-12

New Income Tax Slab for the Year 2011-12 ? ?  Due to the high inflation impact, the central government may hike the Income Tax Limit in the coming Budget on February 28 for the Financial Year 2011-2012.  The tax payers , including the cent...

Government may increase tax exemption Limit in budget 2011-12

New Income Tax Slab for the Year 2011-12 ? ?  Due to the high inflation impact, the central government may hike the Income Tax Limit in the coming Budget on February 28 for the Financial Year 2011-2012.  The tax payers , including the cent...

Income Tax for NRIs

As per the existing Income Tax laws, an NRI is liable to pay tax on global income if he is in India in that year for a period or periods amounting to 182 days. Furthermore, in case an NRI resides in India for a period of 365 days or more over a peri...
by Best Investment Options on Sep 5, 2010

Capital gains tax on sale of house

There are few minor changes in the latest direct tax code on account of capital gains tax on sale of a house. Lets us brief you about the existing as well as new laws:Capital gains arises in case of transfer or sale of a house from one person to anot...

Capital gains tax on sale of house

There are few minor changes in the latest direct tax code on account of capital gains tax on sale of a house. Lets us brief you about the existing as well as new laws:Capital gains arises in case of transfer or sale of a house from one person to anot...

Home Loan - Tax Benefits

The direct tax code has come as a relief for home loan takers. Earlier, in the draft version, it was proposed that the tax benefits on home loans will go away but the government has taken a decision against it. So, the tax benefit on home loans will...

Home Loan - Tax Benefits

The direct tax code has come as a relief for home loan takers. Earlier, in the draft version, it was proposed that the tax benefits on home loans will go away but the government has taken a decision against it. So, the tax benefit on home loans will...

Direct Tax Code gets approval from Cabinet

Direct Tax Code has finally got an approval from Cabinet and will be implemented from April 2011. We had posted an article just a few days back regarding this and the fact that tax payers are eagerly waiting for Direct Tax Code as it would lower thei...
by Best Investment Options on Aug 26, 2010

Cabinet Approves New Direct Tax Code

Cabinet Clears the Direct Tax Code (DTC) Bill in Parliament. The Cabinet at its hour-long meeting chaired by the Prime Minister discussed at length various provisions of the DTC Bill, which will seek to bring about radical reforms and simplification...

Indian tax payers eagerly waiting for Direct Tax Code

There have been lot of news and rumour around the direct tax code. The tax payers have been eagerly waiting for DTC and expecting substantial reduction in their tax liability when the direct taxes code, which will replace the 50 year old Income Tax A...
by Best Investment Options on Aug 21, 2010

New Pension Scheme (NPS) benefits from revised DTC

Inspite of NPS being launched for the last 2 years, it has not been able to garner attention of the investor fraternity. Hence to promote it, the Government of India has announced that it will add Rs 1000 co-contribution every year for the next three...

FAQs on Direct Tax Code

Under the direct taxes code (DTC) regime, what happens if a salaried employee withdraws money from his/her approved Provident Fund (PF)/Superannuation fund (SF) /Gratuity and other retrial benefit schemes? How will the DTC affect pension plans? I...

Discussion Paper on Direct Tax Code

The draft Direct Taxes Code (DTC) along with a Discussion Paper was released in August, 2009 for public comments. Since then, a number of valuable inputs on the proposals outlined in these documents have been received from a large number of organisat...

New Life for New Pension Scheme with Direct Tax Code

 The New Pension Scheme (NPS), which has failed to take off despite its near-zero expense structure, is set to get a new lease of life. If the revised discussion paper on the Direct Taxes Code (DTC) is passed into law, NPS, which was thrown ope...


Trending Topics

Close