| Higher collection of direct taxes in NWR | 18-NOV-09 |
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| The North West Region of the Income Tax Department comprising Jammu and Kashmir, Himachal Perdesh, Punjab, Haryana and the Union Territory of Chandigarh has registered 13.7 growth in collection of direct taxes till 16 November, 2009 as compared to the corresponding period last year. |
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| Fixing higher education | 15-NOV-09 |
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| The burgeoning demand for graduates as economic growth accelerates has been encouraging Minister for Human Resource Development Kapil Sibal to examine more innovative ways of involving the private sector, especially in higher and technical education. This is sensible in as much as the government lacks the financial wherewithal to focus on this sector when the claims from primary education are much more pressing. |
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| Indirect taxes see 22% fall | 12-NOV-09 |
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| The green shoots visible in the economy failed to enhance government revenue with indirect tax collections — comprising customs, excise and service tax — falling almost 22 per cent to Rs 1,26,903 crore in the April-October period this year. It stood at Rs 1,61,954 crore in the corresponding seven months of 2008-09. The overall decline was led by a 32 per cent fall in customs revenue. |
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| Govt to look into concerns on draft Direct Taxes Code | 06-NOV-09 |
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| The proposals of the Direct Taxes Code on taxation for salaried employees and income from house property may undergo some changes. Finance Minister Pranab Mukherjee has added these two issues to the list of critical areas in the draft Code for further comprehensive review. |
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| Direct tax kitty swells 4 per cent in October | 06-NOV-09 |
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| Hit by a drop in corporate tax revenues, direct tax collections rose marginally to Rs 20,822 crore in October, compared with Rs 19,708 crore in the corresponding month last year. |
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| Govt to look into concerns on draft Direct Tax Code | 05-NOV-09 |
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| The government today said it will address concerns of corporate and other tax payers on issues like taxation on the salaried, long-term savings and minimum alternate tax before putting the new Direct Tax Code regime, which will replace the archaic Income Tax Act, in place. |
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| Hindutva party? | 29-OCT-09 |
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| The BJP has often rubbished its critics who said reciting Vande Mataram was a non-secular act. Ironical then, that at a recent function organised by the BJP, the emcee was the only one who got the stanzas mixed up. All chartered accountants at the function on the direct taxes code organised by the BJP managed to sing the song in the correct order. After the first stanza, however, the emcee jumped to the last stanza while the audience continued to sing it in the correct order. |
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| Hindutva party? | 28-OCT-09 |
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| The BJP has often rubbished its critics who said reciting Vande Mataram was a non-secular act. Ironical then, that at a recent function organised by the BJP, the emcee was the only one who got the stanzas mixed up. All chartered accountants at the function on the direct taxes code organised by the BJP managed to sing the song in the correct order. After the first stanza, however, the emcee jumped to the last stanza while the audience continued to sing it in the correct order. |
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| Embarrassing code | 27-OCT-09 |
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| That the new direct taxes code is proving embarrassing for the government is obvious, it’s just that one didn’t realise the government felt the same way as well. At one point the code says, “A business shall be distinct and separate from another business if there is no interlacing, inter-dependence or unity ‘embarrassing’ the two businesses.” Now that’s embarrassing. |
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| Taxes Code to be implemented from fiscal 2011-12: Pranab | 23-OCT-09 |
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| The government plans to implement the Direct Taxes Code (DTC) from 2011-12 after addressing all concerns relating to controversial proposals like taxation of retirement benefits, weeding out incentives for housing sector and changes in the Minimum Alternate Tax (MAT). |
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| Tax code balances expectations of taxpayers, administrators | 19-OCT-09 |
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| Two months after the draft of the New Direct Taxes Code (Code) was released, the Ministry of Finance (MoF) facilitated a power-packed formal 'Interactive Session' with the trade and industry last week. The session was attended by over 100 tax technocrats comprising ‘who’s who’ in the tax fraternity, chief of country’s three leading chambers of commerce and was chaired by the Finance Minister. |
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Content Guide
