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Taxation News


Corporate India cautious in welcoming DTC bill

   31 August 2010 at 10:17

Corporate India cautious in welcoming DTC bill Corporate India was cautious in its response to the Direct Taxes Code bill, welcoming the proposal to raise the exemption limit for individual tax payers, while expressing disappointment that corpor ..

Posted in Taxation |   766 Views


DTC introduced in Parliament with marginal benefits

   31 August 2010 at 10:16

DTC introduced in Parliament with marginal benefits Diluting some of the promises, government on Monday introduced in the Lok Sabha the Direct Taxes Code Bill seeking to increase exemption threshold for income tax payers and reduce corporate tax ..

Posted in Taxation |   1310 Views


India Switzerland sign revised taxation treaty

   31 August 2010 at 10:14

India, Switzerland sign revised taxation treaty India and Switzerland on Monday signed the revised Double Taxation Avoidance Agreement, a move that will help the government seek details about illicit wealth allegedly stashed away by Indians in S ..

Posted in Taxation |   606 Views


DTC bill tabled in LS proposes exemption limit of Rs 2 Lakh

   31 August 2010 at 10:11

DTC bill tabled in LS; proposes exemption limit of Rs 2 Lakh The Government on Monday tabled the much-awaited Direct Taxes Code bill (DTC) in the Lok Sabha which proposed to raise the exemption limit on income tax from the current Rs 1.6 lakh to ..

Posted in Taxation |   553 Views


Relief to tax payers in offing- Govt to table DTC bill today

   30 August 2010 at 10:01

Relief to tax payers in offing: Govt to table DTC bill today 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 ..

Posted in Taxation |   571 Views


Cabinet nod to DTC bill exemption limit upped to Rs 2 lakh

   27 August 2010 at 10:56

Cabinet nod to DTC bill; exemption limit upped to Rs 2 lakh In a move that could leave more money in the hands of people, the Government proposed to raise exemption limit on income tax from the present Rs 1.6 lakh to Rs 2 lakh, the bill also seeks ..

Posted in Taxation |   790 Views


Service tax on on-going works contracts entered into prior to 01.06.2007

   25 August 2010 at 11:01

Service tax on on-going works contracts entered into prior to 01.06.2007 Circular No. 128/10/2010-ST F.No.354/141/2010-TRU Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs (Tax Research Unit) ..

Posted in Taxation |   638 Views


Receipt number to be quoted in Form 16/ 16A

   19 August 2010 at 10:34

Receipt number to be quoted in Form 16/ 16A Receipt number to be quoted in Form 16/16A will be generated by TIN. Receipt number will be generated for the quarterly TDS/TCS statements pertaining to FY 2010-11 and onwards uploaded to TIN. Receipt nu ..

Posted in Taxation |   882 Views


E-Filing for AY 10-11: Quick Statistics (as on 4th August 2010)

   07 August 2010 at 10:33

E-Filing for AY 10-11: Quick Statistics (as on 4th August 2010) HIGHLIGHTS OF e- FILING SEASON AY 10-11 ( up to 04/08/2010) (1) COMPARATIVE PROGRESS OF e-FILING OF RETURNS ..

Posted in Taxation |   1342 Views


States reject draft Constitutional amendment bill on GST

   06 August 2010 at 09:53

States reject draft Constitutional amendment bill on GST States on Wednesday opposed a draft bill to amend the Constitution, a measure proposed by the Centre for rolling out GST, in its present form as it provides veto power to the Union Finance M ..

Posted in Taxation |   1308 Views