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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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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.
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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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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...
-
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.
-
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.
-
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".
-
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...
