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Budget 2025: Nirmala Sitharaman Says Will Introduce New Income Tax Bill Next Week
A new income tax bill - a direct tax code meant to simplify compliance for individual taxpayers - will be introduced next week, Finance Minister Nirmala Sitharaman said Saturday as she presented the Union Budget 2025.
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What Is Direct Tax Code And How It Is Different From Income Tax Act, 1961
A set of new tax laws called the Direct Tax Code is likely to simplify compliance for taxpayers soon.
-
Is There New, 'Simpler' Income Tax Act In Budget 2025? What Sources Said
The Direct Tax Code - a new income tax bill meant to simplify compliance for individual taxpayers - will be introduced separately, and not as part of the Union Budget to be delivered by Finance Minister Nirmala Sitharaman on Saturday morning.
-
Will Your Income Tax Change? New Report Given To Finance Ministry
A Direct Tax Code task force constituted by the government has proposed a new taxation system that will bring about dramatic changes to the age-old Income Tax Act-1961, providing concessions to tax-payers and enhancing their spending power amid an alarming economic slump.
-
Obstructionism Can Create Only Sadistic Thrill, Says Finance Minister Arun Jaitley
Asserting that economic progress cannot be a partisan issue, government tonight sought cooperation of the opposition to ensure that India achieves double-digit growth as it (rpt) it contended that "obstructionism" could only provide temporary "sadistic thrill".
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Chidambaram Needs to be Reborn to Match my Record, Says Yashwant Sinha
The Bharatiya Janata Party (BJP) today attacked the UPA government for leaving the economy in the "worst crisis" and said it was committed to a simplified tax regime and will, if voted to power, try to hasten implementation of Direct Tax Code and Goods and Services Tax after a consensus among states.
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Direct Tax Code Bill may bring bad news for NRIs
More NRIs may fall under the tax net if the Direct Taxes Code (DTC) Bill proposal to impose a levy on their global income if they stay in India for more than 60 days in a year is approved by Parliament. 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 peri...
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Govt to table Direct Tax Code bill in Parliament on Monday
The government will table the much-awaited Direct Taxes Code (DTC) Bill in the Lok Sabha on Monday, that is expected to provide relief to income tax payers, both personal and corporate.The government is quite confident of replacing archaic Income Tax Act with DTC from April 1, 2011.Finance Minister Pranab Mukherjee has said he would announce the sl...
-
New Direct Tax Code: Pay less in taxes from April 2011
A windfall for taxpayers from the next financial year. You will in fact have to pay less Direct taxes in every slab of income. This comes with the Cabinet clearing the Direct tax code.The much-awaited Direct Taxes Code (DTC) Bill is likely to be tabled in Parliament during the ongoing Monsoon session and thereafter it may be referred to a select co...
-
To save on taxes, just save more: Govt's direct tax code proposals
Save more money, and you could save on taxes. The government has proposed new tax rules aimed at promoting long-terms savings and retirement benefits.
-
Tax code proposes 10% tax on Rs 10 lakh income
The government, on Wednesday, introduced a new direct tax code that seeks to simplify the tax regime in India.
-
Budget 2025: Nirmala Sitharaman Says Will Introduce New Income Tax Bill Next Week
A new income tax bill - a direct tax code meant to simplify compliance for individual taxpayers - will be introduced next week, Finance Minister Nirmala Sitharaman said Saturday as she presented the Union Budget 2025.
-
What Is Direct Tax Code And How It Is Different From Income Tax Act, 1961
A set of new tax laws called the Direct Tax Code is likely to simplify compliance for taxpayers soon.
-
Is There New, 'Simpler' Income Tax Act In Budget 2025? What Sources Said
The Direct Tax Code - a new income tax bill meant to simplify compliance for individual taxpayers - will be introduced separately, and not as part of the Union Budget to be delivered by Finance Minister Nirmala Sitharaman on Saturday morning.
-
Will Your Income Tax Change? New Report Given To Finance Ministry
A Direct Tax Code task force constituted by the government has proposed a new taxation system that will bring about dramatic changes to the age-old Income Tax Act-1961, providing concessions to tax-payers and enhancing their spending power amid an alarming economic slump.
-
Obstructionism Can Create Only Sadistic Thrill, Says Finance Minister Arun Jaitley
Asserting that economic progress cannot be a partisan issue, government tonight sought cooperation of the opposition to ensure that India achieves double-digit growth as it (rpt) it contended that "obstructionism" could only provide temporary "sadistic thrill".
-
Chidambaram Needs to be Reborn to Match my Record, Says Yashwant Sinha
The Bharatiya Janata Party (BJP) today attacked the UPA government for leaving the economy in the "worst crisis" and said it was committed to a simplified tax regime and will, if voted to power, try to hasten implementation of Direct Tax Code and Goods and Services Tax after a consensus among states.
-
Direct Tax Code Bill may bring bad news for NRIs
More NRIs may fall under the tax net if the Direct Taxes Code (DTC) Bill proposal to impose a levy on their global income if they stay in India for more than 60 days in a year is approved by Parliament. 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 peri...
-
Govt to table Direct Tax Code bill in Parliament on Monday
The government will table the much-awaited Direct Taxes Code (DTC) Bill in the Lok Sabha on Monday, that is expected to provide relief to income tax payers, both personal and corporate.The government is quite confident of replacing archaic Income Tax Act with DTC from April 1, 2011.Finance Minister Pranab Mukherjee has said he would announce the sl...
-
New Direct Tax Code: Pay less in taxes from April 2011
A windfall for taxpayers from the next financial year. You will in fact have to pay less Direct taxes in every slab of income. This comes with the Cabinet clearing the Direct tax code.The much-awaited Direct Taxes Code (DTC) Bill is likely to be tabled in Parliament during the ongoing Monsoon session and thereafter it may be referred to a select co...
-
To save on taxes, just save more: Govt's direct tax code proposals
Save more money, and you could save on taxes. The government has proposed new tax rules aimed at promoting long-terms savings and retirement benefits.
-
Tax code proposes 10% tax on Rs 10 lakh income
The government, on Wednesday, introduced a new direct tax code that seeks to simplify the tax regime in India.
